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February 10, 1992 | From Times Staff and Wire Reports
Big Mexican Bank Sold: An investor group led by the once-powerful Legorreta banking family placed the winning bid--$885 million--for Comermex, Mexico's fourth-biggest bank. The purchase is considered a rehabilitation of Agustin Legorreta, after his brother's jailing for stock market fraud in 1989, which embarrassed the prominent family. Legorreta financed the purchase in part with a controversial $200-million bridge loan from Mexico's third-largest bank, Serfin. At 3.
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BUSINESS
February 10, 1992 | From Times Staff and Wire Reports
Big Mexican Bank Sold: An investor group led by the once-powerful Legorreta banking family placed the winning bid--$885 million--for Comermex, Mexico's fourth-biggest bank. The purchase is considered a rehabilitation of Agustin Legorreta, after his brother's jailing for stock market fraud in 1989, which embarrassed the prominent family. Legorreta financed the purchase in part with a controversial $200-million bridge loan from Mexico's third-largest bank, Serfin. At 3.
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CALIFORNIA | LOCAL
April 17, 1991
Five people were arrested after they allegedly kidnaped a man they helped cross the Mexican border and held a gun on his friends to collect their smuggling fee, police said Tuesday. Alejandro Legorreta, 18, was kidnaped Monday morning by the same people who helped him, his 18-year-old wife and 18-month-old child get to Azusa from Mexico, Sgt. Mike Gurbada said.
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