Reported about 2 months ago
Grupo Elektra SAB, led by billionaire Ricardo Salinas Pliego, has been removed from Mexico’s main stock index after a lengthy trading halt due to suspicions of fraud. The company's shares stopped trading on July 26 after experiencing a significant drop. This removal adds to Salinas's challenges as he seeks to regain 7.2 million shares used as collateral for a loan amid claims of default on $110 million owed to Astor Asset Management.
Source: YAHOO