Ex-Morena party leader accused of embezzlement, money laundering

Mexico’s ruling party has filed a criminal complaint against its former national president for embezzlement and money laundering.

Members of the Morena party’s National Executive Committee filed the complaint against Yeidckol Polevnsky directly with Attorney General Alejandro Gertz Manero, federal officials said.

Morena’s executive committee, now led on an interim basis by former lawmaker Alfonso Ramírez Cuéllar, began an audit of Polevnsky’s 2017-2020 tenure on June 10.

The audit, reported the Milenio newspaper, specifically probed Morena’s purchase of real estate while Polevnsky was at the helm of the party. It examined payments she made totaling 809 million pesos (US $35.5 million at today’s exchange rate).

The audit found that payments of 394 million pesos were made to two real estate companies owned by Enrique Borbolla García, a businessman who allegedly collaborated on an embezzlement and money laundering scheme with Polevnsky.

The funds were supposed to be used to complete renovations at properties owned by Morena. But some of the properties didn’t even exist and none of the services paid for was completed, the Morena executive committee says.

“Not a single brick was laid, the party can’t lose that money,” said one member of the party leadership, according to the newspaper Reforma.

Borbolla was arrested in 2014 on charges that he sold an aircraft for 2.5 million pesos but never delivered it to the purchaser. However, he was never convicted.

Polevnsky has denied any wrongdoing while at the helm of Morena, a party founded by President López Obrador.

Source: Milenio (sp), Reforma (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
Tamul Waterfall dried up

Why did the Huasteca Potosina’s picturesque Tamul Waterfall dry up?

0
State and federal authorities pulled out all the stops to get the Gallinas River flowing again to the waterfall site, including a total ban on upstream extraction for irrigation, but to no avail.

The MND Peso Index™: Is the Mexican peso over or undervalued against the US dollar?

16
The MND Peso Index™ is a new monthly economic indicator developed by Mexico News Daily that measures whether the Mexican peso is overvalued or undervalued against the US dollar.
The Mayab Highway connecting Mérida and Playa del Carmen

Mexico Infrastructure Partners announces plan to invest US $12B across key sectors

1
Bloomberg reported that around $8 billion of the firm's planned investment would go to renewable energy projects, some $2.5 billion would go to highway projects, $1 billion to midstream opportunities and $500 million to digital infrastructure.
BETA Version - Powered by Perplexity