When Enrique Molina Sobrino, one of Mexico’s wealthiest businessmen, tried to expand his empire by buying the state-owned Sugar Corp which Puerto Rico was hoping to privatize last year, charges of drug trafficking against him finally brought the sweet deal to a screeching halt. The accusations against Molina Sobrino, chairman of Consorcio Azucarero Escorpion and the Gemex (Grupo Embotellador de México) soft-drink-bottling company (Mexico’s biggest distributor for Pepsi-Cola), were made by Eduardo Valle, an intelligence officer in the Mexican justice department during the administration of Carlos Salinas de Gortari.
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