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Elon Musk insinuates that Carlos Slim has ties to organized crime

Elon Musk stirred up a new controversy when he reposted a claim that Carlos Slim has links with organized crime prompting Claudia Sheinbaum to deny it.

Elon Musk stirred up a new controversy when he reposted a claim that Carlos Slim has links with organized crime prompting Claudia Sheinbaum to deny it.

In a provocative post shared on X (formerly Twitter), Tesla CEO and prominent figure in the Trump administration’s Department of Government Efficiency, Elon Musk, appeared to suggest that claims Mexican billionaire Carlos Slim has links to organized crime should be looked into. The claim has since sparked widespread controversy.

Musk’s insinuatation against Carlos Slim

Musk reposted a message from the Wall Street Mav account, a platform known for its mix of financial analysis and memes. The original post cited a New York Times article about the economic impact of labeling Mexican drug cartels as “terrorist organizations,” a move proposed by Donald Trump. The repost alleged that Carlos Slim, who owns shares in the New York Times, has connections to drug trafficking.

“Carlos Slim is a Mexican billionaire worth over $70 billion. He is the largest shareholder in publicly traded shares of The New York Times. He also is known to have significant ties to the drug cartels in Mexico. You don’t become a billionaire in Mexico without being part of the network that is controlled and protected. The NYT knows who their owners are connected to and are pushing the narrative that supports Carlos Slim’s business interests and his partners,” reads the post shared by Musk.

The referenced article, titled How Labeling Cartels ‘Terrorists’ Could Hurt the U.S. Economy’, argues that such a designation could backfire economically. U.S.-based companies might hesitate to invest in Mexico due to fears of government sanctions, which would strain the critical trade relationship between the two nations. Moreover, it warns that the policy could jeopardize remittances from Mexican immigrants in the U.S., a vital source of income for millions of Mexican families.

Does Carlos Slim have control over the NYT?

Carlos Slim currently owns 8% of the New York Times through Class A shares. However, financial experts emphasize that these shares provide minimal influence over the company’s editorial decisions.

Claudia Sheinbaum defends Slim and Mexico

Mexico’s president, Claudia Sheinbaum, wasted no time responding to the allegations. She fiercely defended Slim and rejected the claims linking him to organized crime.

First, it is false, there is no investigation against businessman Carlos Slim or his companies, so where are they getting that from? Second, Mexico is a great country, and we are not going to allow Mexico to be labeled or associated with drug trafficking (...) In Mexico there are very good businessmen and businesswomen, who invest every day in our country. So we do not agree with that,” stated Sheinbaum.

Original article written by Daniela Barrera, translated with the assistance of AI and edited by Greg Heilman.

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