Former CEO of Mexico’s State Oil Company Took $10 Million Bribe from Odebrecht Elena Toledo - PanAm Post
go to original August 16, 2017

Emilio Lozoya Austin was the CEO of Petróleos Mexicanos (Pemex) from 2012 to 2016, during which time he allegedly accepted a US $10 million bribe from Odebrecht in exchange for a $115 million contract to build a refinery in Tula, Hidalgo. (Mundo Ejecutivo)

Update: Mexico Attorney General's Office Vows to Bring Those Involved in Odebrecht Bribes to Justice (Prensa Latina)

The former CEO of Mexico’s state-owned oil company has been accused of taking a bribe from the Brazlian construction company Odebrecht, which has caused scandal across Latin America for paying off politicians in exchange for various building contracts.

Emilio Lozoya Austin was the CEO of Petróleos Mexicanos (Pemex) from 2012 to 2016, during which time he allegedly accepted a US $10 million bribe from Odebrecht in exchange for a $115 million contract to build a refinery in Tula, Hidalgo, according to documents recently published by the Brazilian newspaper O Globo.

This weekend, the paper released a report detailing the transaction. It involved Odebecht’s Luis Alberto de Meneses Weyll, who made payments to Lozoya Austin in March 2012 when he was a member of President Enrique Peña Nieto’s campaign committee.

The first payment that Lozoya Austin received reportedly amounted to US $4 million. Other payments were made to Lozoya Austin until 2014.

According to O Globo, it’s up to officials in Mexico to investigate whether the payments were made exclusively to Lozoya Austin, or whether other figures in Peña Nieto’s administration also accepted bribes.

Read the rest at PanAm Post | Español

Related: Mexico's President Denies Campaign Received Funds from Odebrecht Bribes (Reuters)

Related: Ex-Head of Mexico's State Oil Company Denies Taking Bribes (Associated Press)

Related: Customs Official Fired for Accepting Bribes to Allow the Import of Used Vehicles (Mexico News Daily)

Related: Specter of Corruption Looms Over Mexico as NAFTA Talks Get Rolling (Dallas News)

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