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Ricardo Salinas Posts $25 Million Bond in New York to Avert Arrest Over AT&T Dispute

Cross-border legal fights keep pressure on Grupo Salinas.

Overview

  • A New York judge, Andrea Masley, found Salinas in contempt and ordered him to pay AT&T $20 million within two weeks or be jailed at Rikers Island, prompting a $25 million bond filing and an appeal.
  • The contempt order, previously undisclosed, also named Francisco Borrego, a senior legal adviser to Salinas’s companies, according to Bloomberg’s reporting.
  • Mexico’s tax authority maintains contested claims totaling roughly 74–75 billion pesos across at least 32 active lawsuits, an amount officials say rose by about 11 billion pesos in the past year.
  • U.S. investors led by Cyrus Capital and Contrarian Capital report about $565 million owed on TV Azteca bonds and are pursuing a USMCA arbitration, alleging court maneuvers in Mexico delayed payment.
  • Salinas denies any personal tax debt, accuses the government of using the SAT to intimidate him, and says a 2023 settlement framework for 10 billion pesos stalled after only 2.6 billion was paid.