June 25, 1994 |
Only minutes before a deadline, the family of one of Mexico's richest men went on nationwide television and agreed to pay a huge ransom to free him from kidnapers. The announcement on the television program "24 Hours"--as demanded by the kidnapers--came just before the 11:30 p.m. Thursday deadline they had set to kill Alfredo Harp Helu, 50, president of Mexico's largest financial company. He was kidnaped March 14.
March 16, 1994 |
The apparent kidnaping of the chairman of Mexico's largest bank caused Mexican stock prices--which have been sliding since the New Year's Day rebellion in Southern Mexico--to tumble again Tuesday as investors questioned the nation's potential as a model for Third World reform.
June 29, 1994 |
A leading Mexican banker abducted more than three months ago was released by his kidnapers after his family paid a cash ransom of about $30 million. Alfredo Harp Helu, 50, president and a major stockholder in the banking-financial firm of Banamex-Accival, was freed on the south side of Mexico City. "I don't have any details. But, yes, he has been freed and he is safe and sound," a highly placed law enforcement source said. Harp Helu was kidnaped March 14. The kidnapers have not been identified.
June 30, 1994
MEXICAN STOCKS * The market staged a modest rally Wednesday as kidnapers released banker Alfredo Harp Helu. The Bolsa index gained 38.20 points to 2,270.93. Harp, head of Banamex-Accival, was freed for a $30-million ransom. For now, investors are happier about his release than they are worried about the huge ransom, which could encourage more abductions.
April 15, 1994 |
Kidnapers of financier Alfredo Harp Helu vowed in a published letter Thursday to execute the president of Mexico's biggest bank if a ransom is not paid quickly. "If you don't pay the ransom you will know you have made a mistake . . . when the body is in front of you," said the typed letter addressed to the board of directors of Banco Nacional de Mexico, known as Banamex. The letter did not say how much ransom was being demanded.
June 23, 1988 |
The director of the Mexico Stock Exchange and its operations chief, who has been in a coma since attempting suicide, have resigned after the disappearance of $7 million through what exchange officials have called "administrative irrregularities." The stock exchange, which announced the resignations Wednesday, has issued statements reassuring investors and rejecting persistent suggestions of fraud.