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Roughly 37 percent of companies have fallen victim to crime of some form, including corruption, robbery of merchandise, shoplifting, kidnapping and extortion, the head of the Coparmex employers’ association said

MEXICO CITY – Crime and a climate of insecurity in Mexico cost companies some 75 billion pesos ($5.8 billion) annually, the head of the Coparmex employers’ association said.

Roughly 37 percent of companies have fallen victim to the crime of some form, including corruption, robbery of merchandise, shoplifting, kidnapping, and extortion, Juan Pablo Castañon told a group of foreign correspondents.