Sunday, June 1, 2014

México: 37% of Mexican Companies Sustain US$5.8 Billion in Criminality

According to The Latin American Tribune, roughly 37% of Mexican companies have fallen victim to crime of some form, including corruption, robbery of merchandise, shoplifting, kidnapping and extortion, the head of the Coparmex employers’ association said.

COMMENT: Crime and a climate of insecurity in México cost companies some 75 billion pesos ($5.8 billion) annually, the trade association reported.

The Mexican government needs to continue its all-out battle against crime nationwide, the Coparmex chief said, though he added that the situation is particularly noteworthy in the northeastern border state of Tamaulipas, the southwestern state of Michoacan and the southern state of Guerrero.