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Drug Cartels Extorting And Controlling Businesses In Mexico

Investigators collect evidence at the site where Julio Cesar Almanza, president of the Tamaulipas Chamber of Commerce, was killed in Matamoros, Mexico, Tuesday, July 30, 2024. (AP Photo/Veronica Cisne

Drug cartels in Mexico are increasingly targeting large corporations, with even high-ranking business leaders facing threats and violence. The head of a business chambers' federation in Tamaulipas state was shot to death after speaking out about cartel extortion in the region. This incident highlights the pervasive issue of criminal groups demanding extortion payments, which has become a common practice in Tamaulipas.

Recently, Femsa, Mexico's largest chain of convenience stores, closed all its stores and gas stations in Nuevo Laredo due to gang-related problems. The company had been facing demands from cartels to buy fuel from specific distributors, and the situation escalated when gang members abducted store employees to gather information.

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