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What I Learned – Spain’s High Court jails former Pemex chief pending investigation

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FILE PHOTO: Emilio Lozoya, former chief Executive Officer of Petroleos Mexicanos (Pemex) attends a news conference at a hotel after he leaves Mexico’s attorney general’s office, in Mexico City, Mexico August 17, 2017. REUTERS/Henry Romero

MADRID (Reuters) – Spain’s High Court said on Thursday it will jail Emilio Lozoya, the former chief executive of Mexico’s state oil firm Pemex, pending an investigation into alleged money laundering.

Lozoya, who was arrested in southern Spain on Wednesday, is accused in Mexico of corruption related to a bribery and money laundering case involving Brazilian construction firm Odebrecht SA. He has denied any wrongdoing.

Mexico has 45 days to present Spain with a formal extradition request, the court said.

Reporting by Jose Elias Rodriguez and Emma Pinedo; Writing by Nathan Allen; Editing by Ingrid Melander

Our Standards:The Thomson Reuters Trust Principles.



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