Ex-Pemex chief offers to pay US $5 million in exchange for release

Former Pemex CEO Emilio Lozoya is attempting to buy his way out of prison by paying US $5 million to compensate for the corruption of which he is accused.

Lozoya, head of the state oil company between 2012 and 2016, was remanded in preventative custody last week in connection with the Odebrecht case in which the Brazilian construction company paid multi-million dollar bribes in exchange for US $180 million Pemex contracts to complete work at the refinery in Tula, Hidalgo.

The ex-Pemex chief – who was ruled to be a flight risk on the grounds that he has access to at least 2 million euros (US $2.3 million) in a recently detected foreign bank account as well as contacts who could help him obtain false travel documents – has claimed that he received the bribes on the orders of former president Enrique Peña Nieto. He says the money was used to buy the support of National Action Party lawmakers in order to get the previous government’s energy reform through Congress.

The same federal judge who sent the former official to prison last week ruled on Wednesday that he must also be held in preventative prison in connection with the Altos Hornos de México (AHMSA) case in which Lozoya, who had avoided jail due to his cooperation with the federal Attorney General’s Office (FGR), allegedly received US $3.4 million in exchange for Pemex’s 2014 purchase of a fertilizer plant at a vastly inflated price.

The newspaper Reforma reported that Lozoya – who faces criminal association, money laundering and bribery charges – offered to pay US $5 million in exchange for the FGR withdrawing its accusations against him in connection with both the Odebrecht and AHMSA cases.

His offer consists of $3.4 million for the AHMSA case – even though Lozoya denies any wrongdoing – and $1.6 million for the Odebrecht case. The money would come from a loan as well as the sale of three properties, including two in Ixtapa and Mexico City that Lozoya allegedly bought with bribes.

A lawyer for the ex-CEO said Wednesday that neither Pemex nor the FGR has indicated they will accept the compensation his client is offering.

“They haven’t responded but there is complete willingness [on Lozoya’s part] to compensate the damage to the Mexican state,” Miguel Ontiveros Alonso said.

“… If an agreement is reached and the criminal action comes to an end … Lozoya will have to be released,” he said.

The former Pemex CEO has implicated a who’s who of Mexico’s political elite in the corruption of which he is accused, including two other former presidents, Carlos Salinas and Felipe Calderón, and 2018 presidential candidate Ricardo Anaya, who fled the country earlier this year claiming that he was a victim of political persecution.

With reports from Reforma, El País and Milenio

Have something to say? Paid Subscribers get all access to make & read comments.
three blackhawk helicopters fly over the Caribbean

Mexico agrees to buy 11 Black Hawk helicopters from the United States for US $1.07 billion

1
The aircraft is, of course, designed for military use, but President Sheinbaum said the impetus for the purchase goes back to last year's deadly rains in Veracruz and elsewhere when there weren't enough helicopters immediately available for air rescue.
President Caudia Sheinbaum and Open AI founder Greg Brockman at the national palace in CDMX

Sheinbaum meets with OpenAI’s Greg Brockman to discuss AI’s potential in Mexican healthcare

0
The president said the two agreed AI can improve medical care, though she gave no sign OpenAI will work with the government’s new health digitization council.
US President Donald Trump

Trump threatens to double tariffs on Mexico as a new migrant caravan heads north in Chiapas

14
Sheinbaum pushed back on the threat, saying no caravan has reached the U.S. border during Trump's second term.
BETA Version - Powered by Perplexity