[5] Mismanagement traces back to 1991 when AHMSA fell in the hands of Alonso Ancira, due to his wife's close connection with the First Lady of Mexico at the time.
[7][8][9][10] The Ancira Elizondo family, along with executives Xavier Autrey and Juan Carlos Carredano, faced previous arrests for tax fraud in Mexico in 2004.
[17][18][19][20] As a result of the fraud scandals and bankruptcy, Ancira was removed from his position as president of AHMSA and was forced to sell his shares in April 2023.
The scandal led to the involvement of Argentem Creek Partners, an American fund, which took control of the company to restore its financial stability.
This overwhelming financial obligation adds to the challenges facing new management as they struggle to revive the company and overcome the fallout from the fraud scandal.
[23] In a November 2020 interview with Carlos Loret de Mola, Ancira offered to repay the $200 million he swindled from the Mexican government if President Andrés Manuel López Obrador agreed to stop insulting him.