Grupo Televisa Orders Probe Into Anonymous Letter’s Allegations

5/5/2016 The Wall Street Journal 
Emilio Azcarraga Jean TelevisaMEXICO CITY—An anonymous letter alleging fraud and corruption by senior executives of Grupo Televisa SAB has sparked an investigation by the world’s largest producer of Spanish language television shows.

The letter, which was attached to an email sent in late April to board members of Televisa and U.S. Hispanic network Univision, which is partly owned by the Mexican broadcaster, has prompted Televisa Chairman Emilio Azcárraga to order the investigation into the allegations, the company said.

New York-based law firm Wachtell, Lipton, Rosen & Katz is conducting the probe. Both Televisa and the law firm say the investigation is continuing and that so far, the allegations have proved “fictitious and unfounded.”

The main target of the letter, which was viewed by The Wall Street Journal, is Televisa’s Executive Vice President Alfonso de Angoitia,one of Mr. Azcárraga’s key advisers and a longtime collaborator. Mr. de Angoitia denies wrongdoing.

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