Friday, October 23, 2020

Former boss of oil firm Pemex arrested in Spain on corruption charges

-

Spanish police on Wednesday arrested Emilio Lozoya, the former chief executive of Mexico’s state oil firm Pemex, giving Mexican President Andres Manuel Lopez Obrador’s government its first high-profile win in an anti-corruption drive that began in 2018.

Lozoya, who has not been seen publicly since the middle of last year, is accused in Mexico of corruption related to a wide-ranging bribery and money laundering case involving Brazilian construction firm Odebrecht. He has always denied wrongdoing.

His detention is a major coup for Lopez Obrador, a leftist who won power on an anti-graft platform and who has sought to paint former administration officials as members of a corrupt elite.

Lozoya, who was indicted in Mexico last year, was one of former President Enrique Pena Nieto’s closest aides, and ran Pemex from 2012 to 2016.

- Advertisement -

Lozoya was detained in the Spanish city of Malaga, the police said.

Lozoya’s lawyer, Javier Coello, said Mexico’s attorney general had requested his client’s detention over the Odebrecht case and for allegedly receiving a bribe from one of Mexico’s largest steelmakers, Altos Hornos de Mexico, or AHMSA, before he became a government official.

Coello said his client has yet to decide whether to fight extradition from Spain or return voluntarily from Mexico.

“It’s his personal decision. We have all the evidence necessary to defend him,” he told Mexican TV station Milenio.

- Advertisement -

Part of the investigation into Lozoya has been focused on money transfers that AHMSA made to a shell company allegedly set up by Odebrecht to pay bribes. That shell firm in turn allegedly sent the funds to Lozoya and his relatives.

MUST READ

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Fundraiser Elliott Broidy pleads guilty in foreign agent case linked to 1MDB

Major Republican Party and Trump fundraiser Elliott Broidy pleaded guilty Tuesday to acting as an unregistered foreign agent, admitting to accepting millions...

Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...
Advertisement
Advertisement

Latest News

This Week

Billionaire Robert Smith admits to evading taxes for 15 years

Billionaire Robert Smith has been hailed as a brilliant investor who built Vista Equity Partners into a private equity powerhouse and a generous philanthropist...

Australian court approves $920 million Westpac money laundering fine

The Federal Court of Australia has agreed on the deal struck between the Australian Transaction Reports and Analysis Centre (AUSTRAC) and Westpac, ordering the Australian...

Attorney General Dave Yost subpoenaed in Ohio bribery scandal

Federal officials investigating the House Bill 6 bribery scandal subpoenaed records from Attorney General Dave Yost’s office the day before arresting then-House Speaker Larry Householder and...

US arrests members of international money laundering group QQAAZZ

The US Department of Justice has unsealed charges against 14 members of an international money laundering group known as QQAAZZ. US authorities said the group...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks