29 May 2019
The former chief executive of Mexican national oil company Pemex focused on enriching himself though acts of corruption which led to massive losses for the firm, the head the finance ministry’s financial intelligence unit said on Tuesday.
Emilio Lozoya, who headed Pemex from 2012 to 2016, engaged in “corrupt acts and businesses” at the firm, Santiago Nieto, the finance ministry top’s anti-money laundering official, told local radio station MVS Noticias in an interview.
“That should carry a consequence and a penalty,” said Nieto.
Lozoya, one of former President Enrique Pena Nieto’s closest aides, is at the heart of the first high-profile graft probe launched by the government of President Andres Manuel Lopez Obrador, who won election by a landslide last year promising to root out public sector corruption.
Lozoya’s lawyer, Javier Coello Trejo, did not immediately respond to messages seeking comment.
By Ana Isabel Martinez, Reuters, 28 May 2019
Read more at Reuters
Advance your CPD minutes for reading this article, by signing up and using the CPD WalletFREE CPD Wallet