Tag Archives: shell companies

Segalmex Plagued with Irregularities of at Least 9.5 Billion Pesos

By MARK LORENZANA Allegations of fraud have plagued the Mexican Food System (Segalmex), an agency created by Mexican President Andrés Manuel López Obrador (AMLO) — the latest of which involves irregularities of at least 9.5 billion pesos, according to a report by Mexican daily newspaper Reforma on Tuesday, July 26. In the Reforma report, Segalmex in 2021 allegedly failed to

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UK Orders Extradition of Former Veracruz Governor’s Ex-Wife

By THE PULSE NEWS MEXICO STAFF The United Kingdom has ordered the extradition of Mexican citizen Karime Macías, ex-wife of former Veracruz Governor Javier Duarte, to stand trial in Mexico for the alleged misappropriation of at least 112 million pesos, the Federal Attorney General’s Office (FGR) said Tuesday. Macías, who currently lives in London, is accused of using money from

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Mexican Navy Sent 215 Million Pesos to Shell Companies

By KELIN DILLON New reports acquired through the Tax Administration Service’s (SAT) transparency law have revealed that Mexico’s Secretariat of the Navy (Semar) funneled more than 215 million pesos into shell companies between 2014 and 2019 via 3,242 invoices. This time frame coincides with two years of the term of current Semar head Admiral José Rafael Ojeda Durán, who Mexican

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Morena Uses Shell Companies to Generate Invoices

By KELIN DILLON New reports have revealed that Mexico’s in-power leftist National Regeneration Movement (Morena) used 64 shell companies to issue 2,445 invoices totaling to 31 million pesos over the years, a practice it has long admonished and lambasted opponents for doing. Morena has allegedly used these ghost invoicing companies since the party’s creation in 2014, beginning the practice just

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