The National Banking and Securities Commission (CNBV) imposed a fine of 844,900 pesos on businessman Ricardo Salinas Pliego for violating the securities market law.
In its August sanctions update, the CNBV detailed that the sanction applied against Salinas Pliego was in his capacity as a member of the board of directors of Grupo Elektra, for irregularities detected in 2019.
According to the CNBV, Salinas Pliego sold shares representing the capital stock of Elektra, a company with which he was associated, without any public offering or auction authorized by the commission.
“As a member of the board of directors of the Elektra group, on March 22, 2019, he sold shares representing the share capital of Elektra to which he was linked, without any public offer or auction authorized by the commission,” says the text of the sanction.
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The fine was imposed on July 11, 2024 and according to information from the CNBV, it has not yet been paid and is subject to challenge by the businessman.
Similarly, the CNBV details that at the date of publication of the fine, there is no knowledge of the businessman having filed any means of defense.
However, according to information gathered by this newspaper, it was learned that the complainant had admitted a claim for nullity against the sanction imposed, and there is even a provisional precautionary measure that prevents the CNBV from disclosing said sanction.
The CNBV files do not show any previous sanctions against the businessman, which would be the first fine against the owner of Grupo Salinas by the financial regulator.
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