Ricardo Salinas under scrutiny for alleged use of Black Cube in UK $115M loan dispute
Court filings claim Salinas targeted opposing lawyer with covert tactics in high-stakes litigation over Grupo Elektra-backed financing
Salinas Allegedly Hired Covert operatives
Background of the Litigation
The case before the UK High Court involves a summary judgment application brought by Salinas and Corporación RBS SA de CV. The defendant, Astor Asset Management 3 Ltd, a Vancouver-based investment firm, has alleged multiple breaches of the loan agreement by Salinas, including missed interest payments, non-disclosure of significant tax liabilities, and the manipulation of Grupo Elektra stock prices.
According to filings, Astor contends that these breaches amount to a default on the secured loan and that subsequent efforts by Salinas to obtain a favorable ruling involved improper tactics.
Allegations of Covert Interference
Astor alleges that individuals linked to Black Cube posed as prospective clients and arranged meetings with the company's UK legal representative under false pretenses. During these meetings, which were covertly recorded, the attorney was allegedly served alcohol and questioned about confidential legal matters.
It is further alleged that transcripts from these recordings were edited and submitted to the UK High Court by members of Salinas's legal team, including lawyers from Enyo Law and LK Law. The materials reportedly form part of Salinas's Application for Summary Judgment and have raised concerns about the use of privileged information obtained through deception.
Barristers associated with the case include Stephen Robins KC, John David Meredith Wardell KC, Adam Cloherty KC, Henry Phillips, Hana Kapadia, Adam Nathan Flacks, Disa Greaves, Matthew Abraham, Ryan Perkins, Richard Greenberg, Edward John Whitney Allen, Andrew Ford, and Stefanie Wilkins.
Legal and Regulatory Implications
The use of privileged material obtained through covert means, if substantiated, could constitute a violation of legal ethics under the Solicitors Regulation Authority (SRA) Code of Conduct. Particular attention has been directed at Andrew John Ford of LK Law, who is said to have submitted the transcripts via a formal witness statement.
Black Cube has previously been involved in controversial operations worldwide, including criminal cases in Romania and activities linked to the Harvey Weinstein investigation. Its alleged role in a civil litigation case in the UK would mark a significant escalation in the use of private intelligence in commercial disputes.
Response from Astor
Astor Asset Management 3 Ltd holds irrefutable proof of this justice-perversion conspiracy. Full documentation is being released to regulators and accredited media under strict embargo.
Disclaimer: These are allegations currently under legal review and have not been proven in court. All parties are presumed innocent unless proven otherwise.
For further information, please contact: Astor Asset Management 3 Ltd