Friday, October 23, 2020

Spanish court agrees extradition of former Pemex chief to Mexico

-

Spain’s National Administrative Tribunal has agreed to extradite Emilio Lozoya, former chief executive of oil company Petroleos Mexicanos (PEMEX), to Mexico.

Lozoya, 45, is wanted in Mexico on charges including bribery and money laundering in cases involving Brazilian construction firm Odebrecht SA as well as a Mexican fertilizer firm. He denies any wrongdoing.

Odebrecht, the largest construction firm in Latin America, has admitted to paying hundreds of millions of dollars in bribes to win contracts in 12 countries, including Mexico.

The scandal has brought down ex-presidents and top officials in countries including Brazil, Peru and Colombia, but there have been no arrests or prosecutions so far in Mexico.

- Advertisement -

Lozoya, who ran PEMEX between 2012 and 2016 and was once a close confidant of former President Enrique Pena Nieto, allegedly took more than $10m in bribes from Odebrecht starting in March 2012.

Extradition

He had already agreed to be extradited, Mexican Attorney General Alejandro Gertz said last week.

Lozoya was arrested in the Spanish city of Malaga in February, months after fleeing Mexico.

The cases against him raised questions about how much others in the previous administration in Mexico knew about his actions.

- Advertisement -

The extradition is widely expected to boost Pena Nieto’s successor, Andres Manuel Lopez Obrador, in his contention that he is serious about cracking down on corruption.

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

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...

Textile suppliers for fashion retailer Boohoo investigated for money laundering and VAT fraud

The National Crime Agency (NCA) is investigating companies that supply the fast-fashion giant Boohoo on suspicion of money laundering and VAT fraud. Britain’s crime-fighting agency...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Wells Fargo fires more than 100 workers over abuse of COVID-19 relief funds

Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar...
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