Alfonso Ancira, owner of Altos Hornos de México. Photo: Google


A full two and a half months after being extradited back to Mexico from Spain, Alonso Ancira, owner of the Altos Hornos de México (AHMSA) steel foundry plant in Monterrey, Nuevo León, left prison late Monday, April 19, in a black G-500 Mercedes Benz pickup truck.

The businessman, who made no comment to the media gathered at the prison exit, was seen in the passenger seat, visibly smiling, dressed in a black suit and with a cigar in hand.

Ancira, who has been bartering with Mexico’s Attorney General’s Office to be granted bail since his extradition earlier this year, was undergoing a trial on charges of a $3.5 million money laundering scheme related to the sale of an Agro Nitrogenados fertilizer plant to the state-run Petróleos Mexicanos (Pemex) under the previous administration of Enrique Peña Nieto.

According to the current administration of President Andrés Manuel López Obrador (AMLO), Pemex overpaid for the fertilizer plant.

Ancira obtained his freedom after Pemex accepted his offer of a compensatory agreement of $216.7 million in three payments in exchange for the conditional suspension of the charges against him.

The first payment will come due on Nov. 30, and Ancira will have two more years to make the second and third installments.

…April 20, 2021

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