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Mexicana's Former CEO To Be Apprehended For Tax Evasion  
User currently offlinepecevanne From Mexico, joined Jun 2004, 180 posts, RR: 0
Posted (2 years 6 months 4 weeks ago) and read 1224 times:

http://www.excelsior.com.mx/index.ph...%2C+lo+m%E3%A1s+le%E3%ADdo&cat=412
According to excelsior,only in Spanish, an arrest warrant has been issued for Manuel Borja, former MEXICANA AIRLINES CEO.
In other news, rumors start today, concerning a new group of investors will make a new offer to buy MEXICANA.
ASPA news said, decisions will be evaluated. Results expected as soon as next week.

5 replies: All unread, jump to last
 
User currently offlineFly2HMO From , joined Dec 1969, posts, RR:
Reply 1, posted (2 years 6 months 4 weeks ago) and read 1148 times:

Reading the article it sounds to me like ASPA just wants to get back at him no matter what as a sort of revenge. They're after him for tax evasion, I don't see why ASPA would give a damn.

And you may want to expand the title a little bit, add "under arrest warrant" or something like that if you can fit it.

[Edited 2012-01-28 08:02:28]

User currently offlinejfk777 From United States of America, joined Aug 2006, 8329 posts, RR: 7
Reply 2, posted (2 years 6 months 4 weeks ago) and read 1132 times:
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The warrant is for some Taxes that weren't paid including VAT taxes. Mexicana was in deep financial trouble before it went broke, is it hard to believe they were using the tax money to keep the ship going. Its sad to arrest a CEO for trying to help a business keep going, the taxing authorities can line up like other creditors in a bankruptcy. When has a US airline CEO been arrested for not having the airline pay taxes when it has gone chapter 11 ? Never ?

User currently offlinepenguins From United States of America, joined Mar 2010, 309 posts, RR: 0
Reply 3, posted (2 years 6 months 3 weeks 6 days 22 hours ago) and read 987 times:

It is kind of sad that they hate him so much. I personally don't blame the guy because with the drug wars, I wouldn't want to go to Mexico. With the escalating level of violence sales must have faltered and the company was doomed.

User currently offlineFly2HMO From , joined Dec 1969, posts, RR:
Reply 4, posted (2 years 6 months 3 weeks 6 days 14 hours ago) and read 910 times:

Quoting penguins (Reply 3):
With the escalating level of violence sales must have faltered and the company was doomed.

Hardly anything to do with it. They succumbed due to idiotic management, and maybe to a lesser extent the whole overblown swine flu scandal.


User currently offlineAM744 From Mexico, joined Jun 2001, 1776 posts, RR: 0
Reply 5, posted (2 years 6 months 3 weeks 1 day 23 hours ago) and read 814 times:

Quoting penguins (Reply 3):
It is kind of sad that they hate him so much. I personally don't blame the guy because with the drug wars, I wouldn't want to go to Mexico. With the escalating level of violence sales must have faltered and the company was doomed.

Not the root cause. I perceive criminal mismanagement aka loot. Selling the headquarters building, airplanes, assets and run away with the money. Helped of course by a very lax, incompetent or even corrupt oversight on behalf of the Mexican State.


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