Ktnate

Friday, December 08, 2006

Casa Saba, General Electric, and frauds

Yesterday I was seeing a report by a respected national TV news channel about the frauds, monopolistic moves, and how the Casa Saba owners (it's a family) do not care about laws nor people without resources (money). They have the monopoly of the transportation of drugs (medicines) to the entire country (México).

The needed drugs by the people in the extreme poverty most of the times cost several times its price due to the transportation costs that Casa Saba imposes in them.

They own also the Marriot hotel and another one (I don't remember the name) in Cancún, for the last one they just decided to destroy an ecological reserve in México (manglar in spanish, if I remember correctly), and doing a known omission of several mexican norms.

The founder is one of the richest man in México and in the world, thanks to the way he steals the money from 100% of the people in México, where a lot are poor.

And what does General Electric (GE, GE Capital, GE Money, etc.) has to do with this? Well, they mentioned that there was a partnership in plan between Casa Saba and GE (I don't remember for what), and highlighted that GE has made fraud several times, to the U.S. Government, the Pentagon (giving them faulty airplane engines), and a whole lot more. Also selling machines for hospitals that have caused the death of several people in the world.

A lot of stuff was mentioned, and in the end there was mentined, I think, and certainly this gives the feeling that this partnership won't be good for anyone (at least in México) of course.

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