SAE will assume administration of Lili Pink's assets after Fiscalía's seizure
Doubts continue about the future of the company, which reportedly has ties to an asset laundering network. Authorities have clarified the next steps.
TL;DR
- Lili Pink is under investigation for alleged ties to an asset laundering and smuggling network.
- Authorities seized 405 stores, 40 properties, eight vehicles, and one company across 59 cities, valued at over 54 billion pesos.
- The alleged asset laundering amounts to 730 billion pesos, with smuggling reaching 75 billion pesos.
- The stores will continue to operate during the asset forfeiture process.
- The SAE will assume administration of the seized assets and is assessing the company's financial situation.
- The SAE is coordinating with the Ministry of Labor, Procuraduría, and Contraloría regarding employee conditions and oversight.