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Ex-Pemex head Lozoya offers cash to leave jail

 

 

 

 

 

By Carla Bass / Argus

MEXICO CITY
Petroleumworld 11 12 2021

Former state-owned Pemex director Emilio Lozoya offered cash in exchange for his freedom after he was sent to jail in early November for being deemed a flight risk pending his trial on corruption charges.

His lawyers in a hearing yesterday requested "in the framework of a reparations agreement ... the end of the penal action" for Lozoya, his lawyer Miguel Ontiveros Alonso said.

Lozoya could pay roughly $5mn, part of that with a property worth about $3.4mn, his lawyer said in comments recorded outside the federal court of Mexico City's North Penitentiary. Neither the judge in the case nor Mexico's public prosecutors office have said that they are entertaining the offer, and Lozoya yesterday was ordered to remain in jail.

Lozoya had been out of jail before early November, but monitored and confined to Mexico City since he was extradited back to Mexico from Spain in July 2020. His bail was revoked following a public outcry when he was photographed eating at a high-end restaurant in Mexico City

Lozoya has admitted to bribery accusations during his time as head of Pemex from 2012-2016, but has said he was part of a vast scheme and operated at the direction of the government.

He previously accused ex-president Enrique Pena Nieto of ordering him to use millions in bribes for lawmakers in exchange for votes for structural reforms in 2013-2014, including the country's historic energy reform.

But Lozoya had been charged with money laundering and receiving bribes from scandal-hit Brazilian company Odebrecht in return for awarding contracts. Odebrecht in a December 2016 international settlement admitted to having paid $788mn in bribes in exchange for business in 12 countries across Latin America and Africa from 2001-2016, including in Mexico. Lozoya also faces corruption accusations related to Pemex's purchase of Grupo Fertinal's defunct fertilizer plant in 2015.

 

_______________________


By Carla Bass from Argus Media

argusmedia.com 11 12 2021

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