Latest news with #RicardoSalinasPliego
Bloomberg
13-03-2025
- Politics
- Bloomberg
Sheinbaum Blasts Ruling After Court Sides With Billionaire on Tax Case
Mexican President Claudia Sheinbaum criticized a decision by a Supreme Court panel to block a justice from hearing a case related to high-profile tax claims against billionaire Ricardo Salinas Pliego. Sheinbaum said all Mexicans must pay their taxes, after the panel of justices said Wednesday that Justice Lenia Batres should be recused. The case centers on an injunction Salinas won that blocked financial authorities from probing his bank and brokerage accounts.
Bloomberg
26-02-2025
- Business
- Bloomberg
Salinas Flagship Company Elektra Posts Loss After Stock Decline
Mexican billionaire Ricardo Salinas Pliego's flagship company Grupo Elektra posted a net loss of 11.6 billion pesos ($570 million), dragged down by a slump in the value of its own shares ahead of a planned delisting. A decline in Grupo Elektra's shares — the underlying asset of derivatives owned by the firm — led to a 20 billion peso non-cash charge, the company said in a statement, without specifying further. It has long maintained an equity swap bet on its own stock, according to annual filings.
