Mexican Steel Tycoon Will Be Extradited from Spain to Face Corruption Charges

Alonso Ancira had been accused of involvement in crimes damaging Mexican oil giant Pemex,

RIO DE JANEIRO, BRAZIL - Spain's high court said on Friday, November 13th, it had rejected an appeal filed by the chairman of a leading Mexican steelmaker and ordered his extradition to his home country where he faces corruption charges.

The Spanish court ruled that the charges filed in Mexico against Alonso Ancira, chairman of the board of Altos Hornos de Mexico (AHMSA), are also punishable in Spain and rejected his claim that he was the victim of political persecution.

In a statement later on Friday, AHMSA said it supported Ancira with “the absolute certainty” that he is innocent of . . .

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