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Topic: Ricardo Salinas Pliego


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In the News (Fri 13 Nov 09)

  
  TV Azteca - Wikipedia, the free encyclopedia
Gil Díaz's fiscal prosecutor filed the 1,200-page request to charge Salinas Pliego, who controls the No. 2 broadcaster, with the Attorney General's Office (PGR) April 27, said the people, who asked not to be identified.
Salinas Pliego, 49, made a US$109 million profit in 2003 after buying debt that TV Azteca phone unit Unefon SA owed to Nortel Networks Corp. for a discounted price, and then receiving repayment from Unefon at full value three months later, the SEC said in January.
Salinas Pliego and TV Azteca denied any wrongdoing Thursday and said they would appeal the administrative fines imposed by regulators, according to a statement sent to the Mexican stock exchange.
en.wikipedia.org /wiki/TV_Azteca   (943 words)

  
 Ricardo Salinas Pliego - Wikipedia, the free encyclopedia
Ricardo Benjamín Salinas Pliego (born 1956) is a Mexican businessmen and one of Forbes World's Richest People since 2000.
He serves as President and CEO of Grupo Salinas and Grupo Elektra, two holdings with interests vested in telecommunications, media and retail stores, among those TV Azteca, Elektra, Iusacell, Unefon and Banco Azteca.
Salinas Pliego has a degree in Accountancy (with Honors) from the Monterrey Institute of Technology and Higher Studies (1977) and a Masters in Business Administration from Tulane University (1979).
en.wikipedia.org /wiki/Ricardo_Salinas_Pliego   (149 words)

  
 TV Azteca S.A. de C.V., Azteca Holdings, S.A. de C.V., Ricardo Salinas Pliego, Pedro Padilla Longoria, and Luis Echarte ...
In its Complaint, the Commission alleged that Salinas and others caused TV Azteca or Azteca Holdings to file periodic reports that did not disclose Salinas's involvement in related party transactions between Unefon, a subsidiary of TV Azteca, and a private entity secretly co-owned by Salinas, called Codisco.
In the related party transactions, Salinas purchased from a third party-at a steep discount-approximately $325 million of indebtedness owed by Unefon to the third party.
At the time that Salinas purchased the indebtedness, he was aware that Unefon was in negotiations with another large telecom company which would provide substantial cash to Unefon, and enable Unefon to pay off the full amount of the indebtedness that Salinas had purchased at a discount.
www.sec.gov /litigation/litreleases/lr19022.htm   (690 words)

  
 Latin CEO: Executive Strategies for the Americas: Todito or Nada: The reformed Salinas Pliego?   (Site not responding. Last check: 2007-10-11)
Salinas is not far off, despite a recent decision with regard to telephone startup Unefon that smells of the kind of surprises which Wall Street loathes.
For both his Elektra appliance retail chain and TV Azteca, Salinas announced a US-style board of directors-at least to the extent that such a model was relevant given the 75 percent of Elektra and 65 percent of TV Azteca that Salinas owns.
Salinas himself is convinced that he now has the right formula, and he is banking on the synergies from his holdings in retail, entertainment and financial services.
www.findarticles.com /p/articles/mi_m0OQC/is_1_1/ai_100439901   (1559 words)

  
 Mexican TV anchor caught in Salinas scandal   (Site not responding. Last check: 2007-10-11)
TV Azteca head Ricardo Salinas Pliego said Thursday that Raul Salinas gave him $27 million in early August 1993 -- just a few weeks after Salinas Pliego won the Azteca concession -- and another $2.8 million in late September of the same year to invest in international markets.
Reports of business dealings between Salinas Pliego and Raul Salinas, who are not relatives, dominated Televisa's newscasts in the past few days.
Zabludovsky said in an interview with Televisa Tuesday that he had a brief partnership with Raul Salinas in a bus company but said no laws were broken.
www.chron.com /content/chronicle/world/96/07/05/mexico.html   (416 words)

  
 AZTECA HOLDINGS SA DE CV Annual and Transition Report (foreign private issuer) (20-F) ITEM 7. MAJOR SHAREHOLDERS AND ...
Ricardo B. Salinas Pliego controls CASA through a voting trust established by the Salinas family.
In connection with the TV Azteca rights transaction, on December 13, 2000, the Company entered into an agreement with Ricardo B. Salinas Pliego and Elisa Salinas Gomez relating to their right to acquire up to 511,743,120 Unefon Series A shares that may be acquired by the Company upon exercise of its Unefon rights.
Salinas Pliego and/or his affiliates have not so acquired the CASA shares or the outstanding capital stock of Grupo Elektra, and Grupo Elektra has not exercised its share exchange right, then Grupo Elektra will have the right, in lieu of Mr.
sec.edgar-online.com /2004/10/05/0001193125-04-166985/section9.asp   (6001 words)

  
 TV AZTECA SA DE CV - TZA Annual and Transition Report (foreign private issuer) (20-F) ITEM 7. MAJOR SHAREHOLDERS AND ...
In December 2000, TV Azteca made three unsecured loans to Ricardo B. Salinas Pliego for an aggregate amount of US$2.7 million, each with a term of one year and an annual interest rate of 12%.
Dataflux is controlled by Guillermo E. Salinas Pliego, the brother of the Chairman of the Board of TV Azteca, Ricardo B. Salinas Pliego.
Guillermo E. Salinas Pliego together had the option to purchase all of TV Azteca's Dataflux stock, representing a 20% equity interest in Dataflux.
sec.edgar-online.com /2004/07/29/0001193125-04-126465/section10.asp   (5426 words)

  
 Variety.com - Azteca investors sue after debt review
Claim is the latest blow for Salinas, who has been in the spotlight since late December when Azteca's U.S. law firm resigned, signaling possible wrongdoing related to a debt restructuring of telco Unefon in 2002.
Later it was revealed Salinas and Moises Saba, chairman of Unefon, were the owners of Codisco, a relationship Salinas publicly denied last summer.
Salinas and Azteca "denied any affiliation with a 'white-knight' group of investors that had saved Unefon from bankruptcy," the class suit announcement from Cauley Geller Bowman & Rudman, LLP reads.
www.variety.com /article/VR1117899114?categoryid=22&cs=1   (436 words)

  
 Press Release: SEC Charges TV Azteca And Its Chairman - Ricardo Salinas Pliego - with Fraudulent Scheme to Conceal ...
In its action, the SEC is seeking injunctions from future securities law violations, civil money penalties, and disgorgement of Salinas’ and Padilla’s ill-gotten gains, plus prejudgment interest.  The SEC also is seeking court-orders barring Salinas and Padilla from serving as officers or directors of any publicly-held company with securities trading in the United States.
Salinas, age 49 and a Mexican citizen, has been the chairman of the board of directors and the controlling shareholder of TV Azteca since 1993.  Salinas also has been chairman of the board, CEO and president of Azteca Holdings since 1997.
Further, in communications with TV Azteca’s independent directors, Salinas, Padilla and Echarte intentionally withheld information from, and even lied to the directors about Salinas’s connection to the underlying transactions and his $109 million profit.  Salinas and Padilla compounded their fraud by executing false Sarbanes-Oxley certifications. 
www.sec.gov /news/press/2005-1.htm   (588 words)

  
 Ricardo Salinas Pliego -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-11)
Ricardo Salinas Pliego -- Facts, Info, and Encyclopedia article
Ricardo Benjamín Salinas Pliego (born 1956) is a (A native of inhabitant of Mexico) Mexican businessmen and one of (additional info and facts about Forbes) Forbes World's Richest People since 2000.
He's the father of three children and lives in (The capital and largest city of Mexico is a political and cultural and commercial and industrial center; one of the world's largest cities) Mexico City with his wife, María Laura Medina.
www.absoluteastronomy.com /encyclopedia/r/ri/ricardo_salinas_pliego.htm   (106 words)

  
 Lawsuit against Mexican network operator
The complaint was prompted by the failure of Iusacell's controlling shareholder, Grupo Salinas, headed by Mexican businessman Ricardo Salinas Pliego, to respond to the Noteholders' efforts to engage in good faith restructuring talks.
Nonetheless, the Salinas Group has insisted that holders of the 10% Notes agree to a restructuring that provides a material amount of principal forgiveness without any consideration.
Furthermore, the Noteholders are concerned that Grupo Salinas representatives have indicated that they are pursuing a restructuring with the bank debt holders that may compromise the rights of the Noteholders.
www.cellular-news.com /story/10433.php   (594 words)

  
 Variety.com - Azteca's Salinas draws new charges   (Site not responding. Last check: 2007-10-11)
That transaction netted Salinas and a partner over $200 million, a fact that was not made public by the chairman.
In January, the SEC filed fraud charges against Salinas and several other execs; that trial is set to begin after May 31.
But observers said the peculiar series of events of the past week, in which the net accused the Finance Ministry of attempting to prevent it from broadcasting a series of reports about a 2001 bank merger, are indicative of a certain business style preferred by the enigmatic chairman.
www.variety.com /av_result.asp?articleid=VR1117921949&nid=2562   (445 words)

  
 Media control in Mexico, war between entrepreneurs   (Site not responding. Last check: 2007-10-11)
On the other hand, his main media industry rival is Ricardo Salinas Pliego, owner of TV Azteca, Unefon, and major shareholder of Elektra and Banco Azteca, who knows ho to make the most of the business of communication.
Although he is not the favorite of political analysts or of Wall Street potentates, Salinas owns a multimillionaire fortune that has bestowed on him the preeminence to stand out as one of the world's wealthiest and most powerful men.
It is possible that in just a few years, Salinas might wrench away the position the Azcárraga family has held onto for so many years.
www.quepasa.com /english/news/finances/256332.html   (490 words)

  
 goleech | noticias | política | medios | música | curiosidades   (Site not responding. Last check: 2007-10-11)
La Comisión Nacional Bancaria y de Valores (CNBV) multó con 27 millones de pesos a Ricardo Salinas Pliego, Pedro Padilla y a Televisión Azteca por violaciones a la Ley del Mercado de Valores relacionadas con una operación de Unefon.
Los medios que son utilizados por Salinas Pliego para golpetear políticamente a sus "adversarios", la revista Vertigo y los noticieros Hechos, emprenden una campaña de "información" sobre el FOBAPROA, los delincuentes de cuello blanco y la venta de Banamex a Citigroup.
Pero conociéndo las mañas de Salinas Pliego es de dudarse, además de que existen circunstancias muy raras alrededor de este conficto.
goleech.bitacoras.com /archivos/2005/04   (17094 words)

  
 TV Azteca, S.A. de C.V. - Securities Class Action
Defendants stonewalled disclosure of the true facts, including ignoring advice from their securities lawyers in the U.S., until a spin-off of Unefon was completed in December 2002.
The spin-off anticipated that Unefon's shares would be registered to trade in the U.S. markets facilitating a merger with Salinas' other telecommunications holdings.
Then, on January 9, 2004, defendants stunned the markets by admitting that the 'white-knight' investors were in fact Salinas and Saba who made a profit of $218 million when their privately-held company bought Unefon's debt for $107 million and then sold it back for $325 million.
securities.stanford.edu /1029/TZA-01   (385 words)

  
 Cronaca: A really hostile takeover   (Site not responding. Last check: 2007-10-11)
I'm really surprised and appalled at the shamefull innaction of President FOX's goverment in the face of this obviously illegal move by Ricardo Salina's TV AZTECA to overtake independent CNI CANAL 40's TV signal and broadcast.
The interior secretary Santiago Creel, should have by now stepped up and at least spoken on the subject, but he is well controlled by President FOX who seems to be answering to dark interests in the MEXICAN TV broadcasting industry.
TV AZTECA was bought by Ricardo Salinas Pliego during CARLOS SALINAS (no relation) presidency.
www.cronaca.com /archives/000242.html   (302 words)

  
 Siempre!: El arte de ocultar.(investigación contra Ricardo Salinas Pliego por ocultar información sobre ...   (Site not responding. Last check: 2007-10-11)
Siempre!: El arte de ocultar.(investigación contra Ricardo Salinas Pliego por ocultar información sobre compra de deuda de empresa Unefon)(Artículo breve)@ HighBeam Research
El arte de ocultar.(investigación contra Ricardo Salinas Pliego por ocultar información sobre compra de deuda de empresa Unefon)(Artículo breve)
Ricardo Salinas Pliego ocultó te siete meses a inversionistas, analistas, abogados, auditores, el consejo de TV Azteca y autoridades estadounidenses las ganancias que obtuvo con la compra de deuda de UNEFON.
www.highbeam.com /library/doc0.asp?DOCID=1G1:133010048&refid=holomed_1   (203 words)

  
 Labaton Sucharow & Rudoff LLP
The lawsuit was filed against TV Azteca, Ricardo Salinas Pliego, Pedro Padilla Longoria, M. Saba Masri and Carlos Hesles.
The complaint alleges that during the Class Period defendants failed to disclose certain related-party transactions between a privately held company jointly owned by the Company’s Chairman, Ricardo Salinas Pliego ("Salinas") and the Company’s President, M. Saba Masri ("Saba") and one of the Company’s affiliates – Unefon Corporacion RBS ("Unefon").
Then on January 9, 2004, Defendants shocked the markets by admitting that the "white Knight" investors were in fact Salinas and Saba, who made a profit of $218 million when their privately held company bought Unefon’s debt for $107 million and then sold it back for $325 million.
www.labaton.com /index.cfm/hurl/SectionID=96/getGlobalID=23645   (541 words)

  
 Salinas Pliego, Ricardo - Company profile & brands   (Site not responding. Last check: 2007-10-11)
Salinas Pliego, Ricardo - Company profile & brands
Compare the price of Salinas Pliego Ricardo products on Kelkoo
Find the best price for Salinas Pliego Ricardo products on PriceRunner
www.transnationale.org /fiches/-1471136150.htm   (50 words)

  
 Forbes (7-6-98) The Americas
Mexico's Ricardo Salinas Pliego has taken two companies public since last June, nearly doubling his worth on paper in the process.
Claim to fame: The youngest person on this list, took over as chairman of Grupo Televisa, the top Spanish-language media group, after dad, Emilio, died last year.
Now 30, he's wowed analysts by cutting costs, hiring smart management.
www.geocities.com /seat850c/forbes.htm   (507 words)

  
 The world's top ricardo salinas pliego websites
Ricardo Salinas Pliego is the owner of Grupo Salinas.
Grupo Salinas comprises TV Azteca, Elektra, Iusacell, Unefon, Movil@ccess, Todito and Banco Azteca.
Help build the largest human-edited directory on the web.
dirs.org /wiki-article-tab.cfm/ricardo_salinas_pliego   (97 words)

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