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Latin Times
Latin Times
World
Héctor Ríos Morales

Business Partner of Saúl 'Canelo' Álvarez Accused Of Using Stores in Money Laundering Operation For Jalisco Cartel

Saúl “Canelo” Álvarez’s convenience store chain, Upper by Canelo Energy, was allegedly used by a business associate in a fuel theft and black-market sales scheme, according to media reports (Credit: Via Getty Images)

Saúl "Canelo" Álvarez, the current undisputed super middleweight boxing champion and global sports icon, has been linked to a man under investigation for allegedly laundering money for the Cártel Jalisco Nueva Generación (CJNG).

More than a boxing star, Álvarez has expanded his brand into business ventures. The 17-time world champion owns a boxing promotion, gas stations, a clothing line, and a tequila-based canned cocktail company, among others. But according to Mexican media reports, his chain of convenience stores, Upper by Canelo Energy, was allegedly used by Eric Daniel Zamora Delgadillo and his company, Ecocarburante, as part of a fuel theft and illegal sales operation.

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