Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Former Mexican presidential aide denies taking bribes from Odebrecht

Published 08/14/2017, 08:52 PM
Updated 08/14/2017, 09:00 PM
© Reuters. Petroleos Mexicanos (Pemex) CEO Emilio Lozoya, attends the Oil and Gas Climate Initiative summit Paris

MEXICO CITY (Reuters) - A close former aide of Mexican President Enrique Pena Nieto, "categorically denied" allegations he received $10 million in bribes from Odebrecht during the 2012 presidential campaign and later when he headed state oil company Pemex.

Brazil's O Globo newspaper at the weekend reported on documents alleging that Pena Nieto's confidant Emilio Lozoya received bribes from a former Odebrecht executive from 2012 to 2016 in return for a contract at Mexico's Tula refinery.

Citing bank documents, a further report by civil society group Mexicans Against Corruption said payments had been made when Lozoya was a senior official in Pena Nieto's campaign.

The allegations linked Lozoya to the $10.5 million in bribes scandal-plagued Brazilian builder Odebrecht has admitted to paying in Mexico.

Corruption scandals have dogged Pena Nieto's government, playing into the hands of leftist opposition candidate Andres Manuel Lopez Obrador, who is preparing a third run for office next year on an anti-graft ticket.

Among Lopez Obrador's policy proposals is a close revision of energy contracts signed under Pena Nieto, who opened up Mexico's oil industry to private investment, a structural overhaul seen as perhaps the president's biggest achievement.

Lozoya, who resigned as Pemex chief in 2016, posted on Twitter late on Sunday that he had never participated in corrupt practices, calling the allegations "absolutely false."

"Supposing there were accusations against me by confessed criminals, it is important to mention at least that these people can say anything in exchange for a reduced sentence," he wrote in a letter appearing on his Twitter account.

Asked for comment, the Mexican president's office referred to a statement by the attorney general's office, which on Sunday said it had not yet received full information about the case from Brazilian prosecutors. Odebrecht did not immediately respond to a request for comment.

The Mexican prosecutors said they had interviewed nine former Pemex officials along with 10 other officials linked to three Odebrecht contracts.

The statement said Mexico had not accepted a settlement offer by Odebrecht, and would not accept any deal based on limiting punishment to those found to be involved.

Since settling in the United States, Brazil and Switzerland for a record $3.5 billion, Odebrecht has sought to negotiate leniency deals that would allow it to keep operating in other countries across Latin America.

© Reuters. Petroleos Mexicanos (Pemex) CEO Emilio Lozoya, attends the Oil and Gas Climate Initiative summit Paris

Odebrecht admitted in the settlement with U.S. and Brazilian prosecutors to paying bribes across 12 countries to win contracts, including in Mexico.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.