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...protect his organization. That official, Mario Ruiz Massieu, is now the center of a massive corruption scandal that has shakenMexicoto the core. Ruiz Massieu's brother, a top political official, was murdered in September, allegedly in a plot masterminded by the brother of former President Carlos Salinas de Gortari. Ruiz Massieu is suspected of taking part in the murder conspiracy.TIME Mexico City bureau chief Laura Lopezsays U.S. and Mexican officials have traced up to $20 million that he stashed in banks around the U.S. since last March, and that they claim evidence of links to the cartel. "If Mario...

Author: /time Magazine | Title: MEXICAN ELITE LINKED TO DRUG LORD | 3/9/1995 | See Source »

Former Mexican President Carlos Salinas de Gortari began a hunger strike, demanding that his name be cleared of rumors that he allowed the coverup of an assassination. Salinas said: "It's a question of personal honor." The ex-president's downward slide began Tuesday, when his brother Raul Salinas was arrested for allegedly plotting a high-level murder. Wednesday, he withdrew his candidacy for chairman of the World Trade Organization. Thursday, prosecutors said President Salinas himself could be charged with impeding a probe of another killing -- the March 1994 shooting of PRI presidential candidate Luis Donaldo Colosio, whom Salinas...

Author: /time Magazine | Title: MEXICAN EX-PRESIDENT ON HUNGER STRIKE | 3/3/1995 | See Source »

...P.R.I.'s presidential candidate last year after the party's first choice, Luis Donaldo Colosio, was assassinated, could be forgiven if he feels as if he has fallen through a trapdoor. He took office a few days before a financial crisis erupted that his predecessor, Carlos Salinas de Gortari, had done little to prepare either Zedillo or the nation for. But Zedillo's performance so far has not reassured the foreign-government officials and financiers who will have to bail Mexico out. The Clinton Administration, says a Senate staff member who regularly deals with the U.S. President's Mexico watchers...

Author: /time Magazine | Title: RIDING OFF IN ALL DIRECTIONS | 2/27/1995 | See Source »

...Beltran Nogales, Mexico There is now a universal awareness of Mexico's political and economic drama. Unrestrained plundering and conspicuous political corruption can no longer be the order of the day. But aren't all of us Mexicans sadly united by mounting rage? The former President, Carlos Salinas de Gortari, and our new President, Ernesto Zedillo Ponce de Leon, owe every kind of satisfaction to our country. It is their national duty to face the people and make clear to Mexicans and the nations of the world why and how our country has fallen into crisis...

Author: /time Magazine | Title: FINANCIAL PANIC IN LATIN AMERICA | 2/13/1995 | See Source »

Mexico's economy was proceeding smoothly, guided by former President Carlos Salinas de Gortari, when the country collided with the insurgency of its campesinos and, like the Titanic, began to sink [Mexico, Jan. 9]. New President Ernesto Zedillo Ponce de Leon has inherited a sinking ship, and he is not sure what steps to take to keep Mexico afloat. Foreigners like to invest in a country where there are prospects of a good return and the political scene is calm and controlled. But at the first sign of civil unrest, the investments will stop and moneys will be pulled...

Author: /time Magazine | Title: Letters , Jan. 30, 1995 | 1/30/1995 | See Source »

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