Extortion, gang violence hits even big corporations and business leaders in Mexico

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The Associated Press

Even Mexico’s largest corporations are now being hit by demands from drug cartels, and gangs are increasingly trying to control the sale, distribution and pricing of certain goods. Well-known, high-ranking business leaders aren’t even safe. On Monday, the head of the business chambers’ federation in Tamaulipas state, across the border from Texas, gave television interviews complaining about drug cartel extortion in the state.

” That means drug cartels are distorting parts of Mexico’s economy, deciding who gets to sell a product and at what price — and in return they are apparently demanding sellers pass a percentage of sales revenue back to the cartel. In the past, cartels have carried out violent attacks, arson and even killings of those found selling goods that had not been “authorized” by them or bought from distributors they control.

 

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