Mexico Reports $31B in Capital Flight Under EPN teleSUR
go to original March 3, 2015

Bank of Mexico headquarters in Mexico City (EFE)

The Mexican newspaper La Jornada reported Monday that at least US$31 billion were taken from the country during the first two years of President Enrique Peña Nieto's administration.

According to figures provided by the Bank of Mexico, the amount is 16 times higher than the foreign currency sent illegally abroad during the first two years of the previous administration. The bank also stated that this practice, which it characterized as illegal, reached its peak in the first quarter of 2012.

Mexico's monetary authority released this information through its section on errors and omissions in the balance of payments, which shows the income and foreign exchange outflows that were not registered in “lawful channels” of the country's commercial and financial exchange.

Read the rest at teleSUR

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!