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Altos Hornos de Mexico (Ahmsa).


Mexican authorities issued arrest warrants for two executives of Altos This article is about the town and district. For the operating system/trademark (now owned by Acer Sertek) see Xenix (disambiguation).

Altos is a town in the Altos district of the Cordillera Department of Paraguay.
 Hornos de Mexico (Ahmsa), the country's largest steel producer, for tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates.

Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both.
. The bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt.
     2. It is proper to notice that there is much difference between a bankrupt and an insolvent.
 Ahmsa says the company and its subsidiaries have made all federal tax payments, and that it is separately negotiating with private creditors terms of its defaulted debt. Mexican police solicited the help of Interpol to find the executives, who were said to be outside the country.
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Title Annotation:Steel; Altos Hornos de Mexico S.A. de C.V.
Comment:Altos Hornos de Mexico (Ahmsa).(Steel)(Altos Hornos de Mexico S.A. de C.V.)
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:May 1, 2004
Words:70
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