The Freeland File
Global Market Data
Tales from the Trail
Lucy P. Marcus
David Cay Johnston
The Great Debate
Jack & Suzy Welch
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Our best photos from the last 24 hours. See more
Images of April
Dewey files for Chapter 11 in record law firm collapse
29 May 2012
Facebook shares plumb new depths, valuation questioned
29 May 2012
Obama honors Dylan, other "heroes" for their influence
29 May 2012
Biggest Greek bank warns of dire euro exit fallout
29 May 2012
Romney clinches Republican 2012 nomination in Texas
Romney tells vets dangerous world demands powerful military
Iran has enough uranium for five bombs: expert
Protests planned after minister calls for gays to be fenced in
A look at the UK’s most beautiful face
Thu, May 10 2012
Volcano covers Colombian cities in ash
Tue, May 29 2012
Cruise ship crunch
Sat, May 26 2012
Mexican police patrol PepsiCo warehouses after arson fires
Mexico state arrests four after attacks on PepsiCo brand
Mon, May 28 2012
New Jersey man charged in Etan Patz death after 33 years
Fri, May 25 2012
Mexico opposition party chides ex-governor in drug probe
Wed, May 23 2012
Special Report: Mexico's Zetas rewrite drug war in blood
Wed, May 23 2012
Alleged perpetrator of mass beheadings in Mexico arrested
Sun, May 20 2012
Analysis & Opinion
Drug war ghosts
MEXICO CITY |
Wed May 30, 2012 2:12am EDT
MEXICO CITY (Reuters) - Mexican police are beefing up patrols around warehouses belonging to PepsiCo's local snack food company Sabritas following a series of arson fires that damaged five of the firm's installations, an official said on Tuesday.
Federal and state police are patrolling three of the warehouses damaged in attacks this past weekend in the western state of Michoacan, Julio Hernandez, a spokesman for the state government, said in a telephone interview.
Installations in three other cities that were not targeted are also under police surveillance, he said.
Investigators are still probing the motive of the attacks, but authorities in the central state of Guanajuato on Monday said they have arrested four suspects linked to a drug gang for the fires set at two warehouses in that state.
"There were apparently a lot more people involved," Hernandez said. "Prosecutors are following various lines of investigation, one of which is extortion."
The attacks appeared to be the first to hit a global brand during Mexico's bloody war on drug cartels. No one was injured in the fires that destroyed trucks and damaged warehouses, authorities said.
Mexico, Latin America's second-biggest economy, has continued to attract foreign investment even as the country's drug war escalated since 2006. But global firms have favored states with lower levels of violence.
"Our investments from foreigners have fallen practically to zero," Michoacan's Hernandez said.
Gangs have extorted businesses, but Cesar Mendoza, Sabritas legal director, told local radio that he had no knowledge of any extortion threats against the company.
"We have filed criminal complaints with all the facts that we have and it will be the responsibility of the authorities to determine who is responsible," Mendoza said in an interview with Radio Formula.
He said the company was still calculating the cost of damage from the fires.
PepsiCo earned $4.8 billion, or 7 percent of its global net revenue in 2011, in Mexico, one of its top foreign operations.
Authorities in Guanajuato said the four suspects arrested for the attacks are all allegedly members of Los Caballeros Templarios gang (Knights Templar), an offshoot of the La Familia cartel that is fighting for territory in the west of Mexico.
Around 55,000 people have died in drug-related violence since Mexican President Felipe Calderon took power in December 2006 and launched a military crackdown on cartels.
(Reporting by Michael O'Boyle; Editing by Eric Beech)
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.