Assuming Bond is the killer, M has his passports and credit cards revoked.
Mathis, now retired in Italy, has been cleared by MI6 for his involvement with Le Chiffre in the Casino Royale incident. Not knowing who else to trust, Bond convinces his old ally to accompany him to Bolivia.
When Strawberry Fields takes him to a crappy hotel, Bond tells her to shoot him because he'd rather stay in a morgue. "We're teachers on sabbatical," she insists, "it fits our cover." Bond refuses and takes her instead to the Andean Grand Hotel where he tells the clerk, "We're teachers on sabbatical ... and we just won the lottery."
After reuniting with Camille, Bond is pulled over by the Bolivian police who order him to open the luggage compartment of his vehicle, revealing a bloodied Mathis. As Bond lifts Mathis out of the vehicle, the police open fire and fatally wound Mathis, who dies in Bond's arms.
Bond stays with Mathis as he dies, but afterwards drops his body in a dumpster. "Is that how you treat your friends?" Camille asks. Bond rummages through Mathis' pockets before responding, "He wouldn't care."
CAMILLE: My father worked for the military junta. He was a very cruel man, but he was my father. When I was a small child, the opposition sent General Medrano to our house. He shot my father. He did things to my mother and my sister and then strangled them while I watched. I was too young to be any trouble, so he just smiled at me ... and set the house on fire.
Returning to the hotel, Bond finds that Greene has killed Fields by drowning her in crude oil. Believing that Bond has become a threat to both friend and foe, M orders him to disarm and end his activities in Bolivia, but he defies her, overpowers his captors and escapes.
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