MEXICO: ARREST WARRANT FOR FORMER PEMEX CEO, ANOTHER EXECUTIVE ARRESTED IN SPAIN

EX-PEMEX CEO FOCUSED ON GRAFT, MEXICAN AML CZAR SAYS – ARREST WARRANT ISSUED

KYC 360 on 29th May reported that the former CEO of Mexican national oil company Pemex – Emilio Lozoya, who headed Pemex from 2012 to 2016 – focused on enriching himself though acts of corruption which led to massive losses for the firm, the head the finance ministry’s FIU said.

https://www.riskscreen.com/kyc360/news/ex-pemex-ceo-focused-on-graft-mexican-anti-money-laundering-czar-says/

https://www.dw.com/en/mexico-arrest-warrant-issued-for-former-pemex-chief/a-48956459

MEXICAN STEEL EXEC JAILED IN SPAIN AND FACES EXTRADITION RULING

The Bellingham Herald on 29th May reported that a Spanish judge has sent Altos Hornos de Mexico, the head of Mexico’s biggest steelmaker, to jail while authorities decide on his extradition to Mexico, where he’s wanted for alleged corruption-related crimes.  He was getting ready to board a Canada-bound plane from the Mediterranean island of Mallorca.

https://www.bellinghamherald.com/news/business/national-business/article230933933.html#storylink=cpy

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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