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Slim's expansiveness inspires cynicism in his many Mexican critics. His Telmex purchase was condemned by many nationalists as evidence of his cronyism with then President Carlos Salinas de Gortari; one political party filed suit against Slim, saying he paid an artificially low price for his share, a charge he firmly denies...

Author: /time Magazine | Title: CARLOS SLIM, CHAIRMAN, TELMEX; MEXICO CITY | 3/3/1997 | See Source »

...testimony of Magdalena Ruiz Pelayo, the private secretary to Mexico's former President's father, new information has come to light about drug dealing that enused between narcotics traffickers and some of Mexico's highest ranking officials, including, not surprisingly, relatives of the former President, Carlos Salinas de Gortari (and we thought Clinton's background was sketchy...

Author: By Talia Milgrom-elcott, | Title: Clinton's Anti-Drug Plan Set to Bust | 2/28/1997 | See Source »

...Congressman Adolfo Aguilar Zinser, an independent who was formerly a member of the leftist Party of the Democratic Revolution, says Zedillo permitted a questionable $7 million payment to corn-flour giant Maseca, a company controlled by political supporters. Zedillo, then the senior budget official under President Carlos Salinas de Gortari, allegedly indicated to the commerce ministry that he would find a way to finance the payment if it were approved, despite warnings from lower-ranking officials that such a payment would be unjustified and possibly illegal. In short, the payment was not authorized by Zedillo directly, but his cooperaton...

Author: /time Magazine | Title: Mexico's Mr. Clean is Smudged | 7/5/1996 | See Source »

...year in the process. Ruthless, violent and vain (last year he underwent an operation to trim back his bulbous nose), he spent millions each month bribing a network of corrupt officials in the government. Those payments made him untouchable during the administration of former President Carlos Salinas de Gortari. Now, however, they make him dangerous: the list of public officials in his pocket could cause a scandal of enormous proportions...

Author: /time Magazine | Title: THE CAPTURE OF AMERICA'S MOST WANTED | 1/29/1996 | See Source »

Reports that his brother stashed $84 million in Swiss bank accounts have prompted former Mexican president Carlos Salinas de Gortari to fire back at his critics, faxing letters to news organizations saying he is willing to testify about his brother's legal problems and the problems of his one-time administration. "Above all, Salinas is concerned with his place in history," reports Latin America bureau chief Laura Lopez. "He also wants to clean up the family name. The attacks on him here have made him a villain in Mexican society. People are wearing masks with his picture in a jail...

Author: /time Magazine | Title: SALINAS FIGHTS BACK | 12/4/1995 | See Source »

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