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Mexico: ex-boss of Pemex prosecuted for money laundering

2021-11-11T02:50:01.038Z


Mexican justice ordered Wednesday, November 10 the detention of the former boss of the all-powerful public oil company Pemex, ...


Mexican justice on Wednesday (November 10) ordered the detention of the ex-boss of the all-powerful state-owned oil company Pemex, Emilio Lozoya, for his alleged responsibility in the acquisition of a fertilizer plant at an overvalued price. , we learned from a judicial source.

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This is the second jail term for Emilio Lozoya, who was already jailed on November 4 for his alleged involvement in the Odebrecht scandal, the Brazilian construction giant who distributed bribes in exchange for contracts in several Latin American countries. Emilio Lozoya is accused of corruption and money laundering for having approved the acquisition in 2014 of the Agronitrogenados plant from the group Altos Hornos de Mexico (AHMSA), with an additional cost of 200 million dollars. The total amount of the transaction was $ 500 million.

Also implicated, the former president of AHMSA, Alonso Ancira, was released in April after pledging to compensate Pemex to the tune of $ 216.6 million, as part of an agreement providing for three installments. until 2023.

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During the hearing, Mr. Lozoya declared

"that he does not accept responsibility for the alleged facts"

, reported a judicial source.

Emilio Lozoya, 46, was arrested in Spain in 2020 and then extradited to Mexico in July of the same year.

He led Pemex between 2012 and 2016.

Source: lefigaro

All business articles on 2021-11-11

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