Mexico court ruling may help Slim avoid $1 bln fine

viernes 2 de diciembre de 2011 00:40 ART
 

* Supreme court dismisses regulator's appeal

* Slim could avoid record fine

By Cyntia Barrera Diaz

Dec 1 (Reuters) - Tycoon Carlos Slim may be able to avoid a record billion-dollar fine after a decision by Mexico's Supreme Court set him up for an easier ride when regulators reconsider the sanction.

The court dismissed a motion by the head of Mexico's anti-trust watchdog Eduardo Perez Motta to let him participate in a vote by regulators to review the fine, according to court documents dated Nov. 30.

Perez Motta's vote was seen as key to ensuring the fine would be upheld, and his inability to participate in the decision might mean Slim's Mexican unit of America Movil, one of the biggest telecom companies in the world, will avoid the sanction.

"This leaves a bad taste in the mouth because deep inside there are no legal reasons for this to happen the way it happened," Perez Motta was quoted as saying by daily Reforma on Thursday.

"It means only one thing: I won't be able to vote on the reconsideration of the Telcel sanction ... it is a closed case for me," he said.   Continuación...