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Business

Pemex under lens

Published: 15 Jun 2014 - 12:54 am | Last Updated: 28 Jan 2022 - 06:06 pm

Emilio Lozoya, CEO of Mexican state-run oil company Pemex, addresses members of the House of Representatives in Mexico City. A committee of the House of Representatives is investigating contracts obtained by Pemex, its subsidiaries and affiliates. Citigroup said in late February it had discovered some $400m in fraudulent loans at its Mexican unit Banamex.