Wednesday, September 17, 2025

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.
Fonatur glorieta in Los Cabos

MND Local: Major infrastructure projects reflect growing pains in Los Cabos

0
New airport facilities and new highways are on the way in Los Cabos, as our local news roundup takes a look at what's happening in Baja California Sur.
mural honoring Alicia Matías

A mural at explosion site in CDMX honors Alicia Matías, who died saving her granddaughter

1
The 49-year-old heroine's death has been met with an outpouring of admiration while the nation mourns the 15 victims of last week's gas tanker explosion.
Sheinbaum waving the Mexican flag from the National Palace during the annual Grito de Independencia

In first ‘Grito’ as president, Sheinbaum honors Mexico’s heroines of Independence

12
Josefa Ortiz Téllez Girón, Leona Vicario, Gertrudis Bocanegra and Manuela Molina were all included in Sheinbaum's first presidential Grito, or Cry of Independence.
BETA Version - Powered by Perplexity