MEXICO CITY - A former executive at Mexico’s state-owned oil company who was sanctioned this week by the comptroller’s office has been identified as Pemex’s former director Emilio Lozoya by the head of the country’s financial intelligence unit. Santiago Nieto, who investigates crimes for Mexico’s finance ministry, congratulated the comptroller via Twitter late Wednesday for banning Lozoya from holding public positions for 10 years. The comptroller’s office said in a statement that the former Pemex official was banned because he had twice failed to report the existence of a bank account in regular statements about his assets. He said that the confusion stemmed from an account that Lozoya’s mother had opened that listed him as the beneficiary. Nieto said the ban was “a fundamental step in the fight against corruption and impunity.”ARTICLE CONTINUES BELOW

Source: thestar May 23, 2019 14:26 UTC