Government sanctions former Pemex boss for providing false information

The federal government has sanctioned former Pemex CEO Emilio Lozoya for providing “false information” about his assets.

The Secretariat of Public Administration (SFP) announced yesterday that two unnamed state oil company executives had been prohibited from holding public office for periods of 10 and 15 years respectively.

Lozoya’s lawyer, Javier Coello, told the newspaper El Financiero that his client received the 10-year punishment.

“Today [Wednesday] he was notified; the issue was that he did not declare that his mother opened an investment account,” Coello said.

Financial Intelligence Unit (UIF) chief Santiago Nieto posted on Twitter last night to congratulate Public Administration Secretary Irma Sandoval for the ruling, which disqualifies Lozoya from exercising any public role for 10 years.

He described it as “a fundamental step in the fight against corruption and impunity.”

The SFP said in a statement that Lozoya had provided “false information” when asked to provide details about his assets.

“On two occasions, he omitted [to disclose] a bank account that included balances of hundreds of thousands of pesos,” it said.

Coello said that he will challenge the SFP ruling in the federal tax court.

Lozoya headed the state oil company between 2012 and 2016 during the administration of Enrique Peña Nieto and was reportedly close to the former president.

The SFP sanction could be just the beginning of trouble for the former Pemex CEO.

Lozoya has also been accused of receiving US $10 million in bribes from the Brazilian construction company Odebrecht – which has been implicated in corruption scandals in several Latin American countries – but has repeatedly denied any wrongdoing.

Attorney General Alejandro Gertz Manero said earlier this month that a new probe will be launched into Odebrecht within 60 days.

The SFP said that a second unidentified Pemex executive was sanctioned due to “irregularities in the purchase” of a fertilizer plant owned by Fertinal.

“After a meticulous investigation, it was proven that the official responsible misused public resources by paying excessive costs of close to 620 million pesos [US $32.6 million],” the secretariat said.

In addition to receiving a 15-year ban on holding public office, the executive was issued a fine “equivalent to the damage caused.”

Source: El Financiero (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
Mexico's navy has deployed 11 coastal sargassum collection vessels, each with a collection capacity of 20 tonnes; one offshore sargassum collection vessel; two amphibious sargassum collection vessels; 18 smaller boats; and 13,230 meters of containment barriers in Isla Mujeres, Benito Juárez, Puerto Morelos, Playa del Carmen, Cozumel, Tulum and Othón P. Blanco.

Playa del Carmen starts October with new sargassum arrivals, though seasonal decline is underway

0
The threat of sargassum remains active along Quintana Roo's coastline, but a progressive reduction is expected heading into November and December. 
Students from the Emiliano Zapata Popular Revolutionary Union took to the streets of Toluca in México state to commemorate the students killed on Oct. 2, 1968, in Tlatelolco and the 43 missing students from Ayotzinapa.

Mexico’s week in review: Peso sinks to 18 as school safety, storms and trade talks dominate

1
Attacks on and by students collided with the anniversaries of past violence this week, while the peso behaved as erratically as the weather. Here's what happened the week of Sept. 28 in Mexico.
Aerial view of the malecon and downtown of La Paza, Baja California Sur, at sunset

Mexico’s fastest-growing states aren’t the ones having the most children

0
Why are Quintana Roo and Baja California Sur leading the country for population growth, even as their birth rates plummet?
BETA Version - Powered by Perplexity