Leftist Presidential Hopeful AMLO Failed to Disclose All His Assets Juan Montes - Nasdaq
go to original September 28, 2016

Andrés Manuel López Obrador, head of the opposition Morena party, being greeted by supporters in Mexico City in June (Ginnette Riquelme/Reuters)

Update: Leftist Presidential Hopeful Lopez Obrador Says He'll Sue The Wall Street Journal (Thomson Reuters Foundation)

Andrés Manuel López Obrador, a leading contender for Mexico’s presidency in 2018 who casts himself as an honest figure fighting a corrupt political mafia, failed to disclose two apartments he owns in his declaration of assets released in August.

The leftist recently joined growing numbers of Mexican politicians in releasing a full accounting of their wealth, following public pressure from a series of conflict-of-interest scandals that have dogged the administration of President Enrique Peña Nieto.

Mr. López Obrador made what amounted to a declaration of poverty. He said he didn’t own a checking account or credit card, and made only $31,000 a year as head of his own political party, the Movement for National Regeneration, or Morena. He also claimed he didn’t own any properties or cars.

But he failed to disclose ownership of two apartments in Mexico City purchased during his time as the capital city’s mayor, according to public property documents reviewed by The Wall Street Journal. The records show Mr. López Obrador bought the two adjacent 818-square-foot apartments in the southern borough of Coyoacán in 2002 for a total of around $109,000.

Mr. López Obrador was mayor from 2000 to 2005. There is nothing illegal about his property purchase, but misrepresenting his net worth may hurt his credibility as an honest broker.

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