Merchants group signals skyrocketing extortion costs for small retailers

10/22/2021

Source: Mexico News Daily

Extortion costs for small retailers have surged across the country during the coronavirus pandemic, according to an organization that represents their interests.

Pre-pandemic, extortion costs hovered around 200 pesos (US $10) per business, but shot up to 500 pesos minimum during the pandemic, says the National Alliance of Small Businesses (ANPEC), which estimates that extortion generates US $11.3 billion for criminal groups throughout the country.

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