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🇲🇽 Mexico /Economy & Trade

Birmex chief defends wealth, attributing apartments and global travel to inheritances and savings

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Birmex chief Carlos Ulloa said inheritances, property sales and savings funded his purchase of two apartments for 22 million pesos and 19 international trips.
  • Ulloa said he has declared his assets and that their origin can be verified.
  • He issued the clarification in response to a report by El Universal.

Carlos Ulloa, head of Mexico’s Birmex, says two apartments bought in cash for 22 million pesos and 19 trips around the world came from family inheritances, property sales and accumulated savings.

In a clarification issued after an El Universal report on his purchases and travel, Ulloa defended the origin of his wealth. He said the money came from income, the sale of real estate, family inheritances received 20 years ago and savings built during nearly three decades in public and private service.

Ulloa also said his assets have been declared and have a verifiable source. The clarification addressed questions raised by the report, which highlighted the cash purchase of the apartments and his international travel.

The origin of the resources corresponds to income, the sale of real estate, family inheritances from 20 years ago and savings accumulated over nearly three decades in public and private service.

· Carlos UlloaUlloa explained how he financed the apartments and international travel.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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