Pemex Admits 'Serious"' Corruption, Reports Leading Mexican Daily EFE
go to original May 17, 2013

Petroleos Mexicanos' former CEO, Juan Jose Suarez Coppel (center), speaks at a press conference in Mexico City in September 2012. (EFE)

Mexico City, May 17 (EFE).- State-owned Petroleos Mexicanos admits that "serious" corruption exists in some areas of the company and that contracting processes in particular have been plagued by "interference from organized crime," a leading Mexican daily said Friday.

In a front-page story, El Universal said Pemex representatives and members of the Mexican Construction Industry Chamber drew that conclusion at a meeting in late April.

Pemex executives acknowledged that corruption is fueled "by the elevated potential economic benefit of illegal acts, impunity and the spaces opened up due to unnecessary flexibility," the newspaper reported.

El Universal's story was published just days after rival daily Reforma reported that Pemex was suing former company executive Cesar Nava in the U.S. courts for his alleged involvement in a conspiracy to defraud the oil giant.

Read the rest at Prensa Latina

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