The contracts in question partially pertain to Grupo de Seguridad Privada Camsa, SA de CV, the company tasked with monitoring the INM’s Ciudad Juárez where 40 migrants died in a fire back in March 2023
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By KELIN DILLON A new report by Mexico’s Superior Audit Office of the Federation (ASF) detailing the expenditure of the government’s public mega-projects, executed through the compilation of 15 financial and performance audits, has revealed inherent disorder, delays and irregularities found within the construction of President Andrés Manuel López Obrador’s (AMLO) pet projects, like the Tren Maya, the Dos Bocas
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By THE PULSE NEWS MEXICO STAFF Mexico’s Treasury Secretariat (SAT) on Monday, Sept. 27, announced that it plans to imprison accountants who it considers to be accomplices of corporate fraud if they do not report fiscal irregularities within the companies they audit. The tax package for 2022 proposes a return of the figure of a mandatory tax judge. Under the
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By THE PULSE NEWS MEXICO STAFF The first draft of a public expenditure audit of the second year of President Andrés Manuel López Obrador’s (AMLO) administration showed fiscal irregularities amounting to 588 million pesos. The extensive audit of government spending for 2020, which was released on Wednesday, June 30, by the Office of the Superior Audit of the Federation (ASF),
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By KELIN DILLON Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) reportedly lost 1.23 billion pesos worth of its assets and inventory that were unaccounted for in a recent audit, which now must be located. The company’s internal audit, which was originally set to take place between January 2019 and March 2020, was unexpectedly set back by the covid-19 pandemic and
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By KELIN DILLON After much back and forth between Mexico’s Superior Audit of the Federation (ASF) and Mexican President Andrés Manuel López Obrador (AMLO) over the actual cost of the planned New Mexico International Airport’s (NAIM) cancellation, the ASF has confirmed that its initial report, which calculated that the project’s termination cost Mexico almost 332 billion pesos, was, in fact,
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By THÉRÈSE MARGOLIS British Prime Minister Benjamin Disraeli once famously quipped, “There are three kinds of lies: lies, damned lies and statistics.” The point that Disraeli was trying to make is that the selective use of numbers can bolster any argument and disguise any truths to accommodate a political agenda. Nowhere is that persuasive power of carefully culled figures more
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By KELIN DILLON Mexico’s Superior Audit of the Federation (ASF) backtracked on the numbers released in it’s 2019 public audit of the New Mexico International Airport’s (NAIM) cancellation, citing inconsistencies in methodology, alleging the real cost to be lower than previously reported. The ASF’s initial audit found the NAIM’s cancellation cost 331.9 billion pesos, 232 percent more than estimated by
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By KELIN DILLON Mexico’s Superior Auditor of the Federation (ASF) calculated that the cancellation of the New Mexico International Airport (NAIM) back in 2018 cost the nation 331.9 billion pesos, almost three times its projected amount. Mexican President Andrés Manuel López Obrador’s (AMLO) National Regeneration Movement (Morena) government previously estimated the cancellation to cost 100 billion pesos, and touted the
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By RICARDO CASTILLO It may be money for the Mexican democratic dream, but a lot of people are wondering if it really does have to be that expensive. On Wednesday, Aug. 21, the National Electoral Institute (INE) requested 12.5 billion pesos for its 2020 overall national operations from Mexico’s Chamber of Deputies. The figure does not include the 5.4 billion
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