Billionaire Salinas briefly threatened with arrest in AT&T pack

(Bloomberg) – Mexican billionaire Ricardo Salinas has placed a $ 25 million mortgage to avoid arrest in the US over an alleged debt that some of its businesses to AT&T Inc. Salinas owed, one of Mexico’s richest men with a $ 7.5 billion fortune, according to the Bloomberg Billionaires index, Electronics trader and other businesses such as TV Azteca and Banco retailer and other businesses and other businesses such as TV Aztca and Banco Azteca. He is a vocal opponent of Mexican President Claudia Sheinbaum, who repeatedly criticized him and his businesses for allegedly not paying billions of rands, which disputes the business magnate. The ultimatum on his arrest comes from another dispute with regard to an alleged debt, this time with AT&T. The company bought Salinas’ Mexican telecommunications business in 2014 and sued in 2020, claiming to be owed money on unpaid tax dating from previous ownership. Salinas’ companies disputed it, but lost and found to have contempt of court. When the finding of contempt did not recover the payment, New York High Court, Andrea Masley, found that Salinas personally contempted, and ordered him to pay AT&T $ 20 million within two weeks or go to jail until he did. The previously unreported order also included Francisco BorRego, a top salinas operator who serves as the general advocate for his businesses. Masley said in a trial in June, referring to the notorious Rikers Island Prison Complex in New York, “not a pleasant place,” Masley said. Salinas and his businesses placed a joint $ 25 million mortgage before the two -week deadline by Masley, but also called on the decision. A representative of Grupo Salinas did not respond to a request for comment. In Mexico, Salinas and its businesses stand not only the pressure of the government on the alleged unpaid tax, but also of mortgage holders who bought guilt in TV Azteca and were not repaid. Grupo Salinas said in a statement last week that it is open to connections with mortgage holders on how to best restructure its debt. -With help from Michael O’Bayle. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP