Pemex discloses Odebrecht contracts as part of corruption probe

In a major reversal — and perhaps a major step forward in investigating official corruption — Pemex today disclosed four contracts it signed with Brazilian contractor Odebrecht between 2010 and 2015.

Pemex_logoThe state-owned oil company had previously said the contracts were under seal.  Pemex also said that the Attorney General’s Office (PGR) on April 3d summoned several unnamed current and former officials to provide testimony.

Until now, the government had seemed to be dragging its feet in investigating the information provided by Odebrecht as part of its plea bargain agreement with the U.S. Department of Justice, made public in December, that it had paid US$10.5 million in bribes to “government officials” in Mexico to win contracts between 2010 and 2014.  One US$6 million bribe was paid to a “high-level official of a Mexican state-owned and state-controlled company”–presumably Pemex–between December 2013 and late 2014. The CEO at that time was Emilio Lozoya, and he is reportedly one of the Pemex officials being summoned by the PGR.

More coverage at ReutersEl Financiero.

 

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