HomeNewsBriefMexico President’s Campaign Funds Tied to Suspicious Ring: Reforma
BRIEF

Mexico President’s Campaign Funds Tied to Suspicious Ring: Reforma

ELITES AND CRIME / 12 DEC 2013 BY MARGUERITE CAWLEY EN

Mexico’s Attorney General’s Office has newly opened investigations into allegations that President Enrique Peña Nieto accepted funds from a possible money laundering and financial fraud network during his presidential campaign, a case which, if unraveled, would represent a major step forward for the justice system.

According to Reforma, approximately $1.75 million were received by the Institutional Revolutionary Party (PRI) candidate in 2012 from various “virtual” companies linked to the construction company Edicom that are under investigation for suspicious financial transactions.

Two key suspects in the case, Raul Alvarez Longoria and Ricardo Mauro Calzada Cisneros, funneled $773,000 and $993,000, respectively, via electronic cards issued by financial group Monex, to the PRI, according to Reforma. The two men have been tied to each other through money deposited into an HSBC bank account.

In July last year, the runner-up in Mexico’s elections, Democratic Revolution Party (PRD) candidate Andres Manuel Lopez Obrador, alleged that Peña Nieto benefitted from funds of illicit origin during his campaign. The case centered on the Monex cards, and the finding that two companies that, according to invoices, purchased large amounts of these cards appeared to be nonexistent.

The opposition National Action Party (PAN) also accused the PRI of using the Monex cards to buy votes, but the charges were dropped after it was found that Edicom was also linked to the campaign money of PAN candidate Josefina Vazquez Mota.

InSight Crime Analysis

The pursuit of a case that involves the current president could represent an important step in Mexico, where corrupt politicians with organized crime ties are common and money laundering prosecutions are rare. A lack of political will often hinders progress in money laundering cases, and this is a particular risk when the target is the president himself.

The case also shows how politics in Mexico are often tied into corruption cases, with accusations hurled from all sides, as seen in a case against a Tamaulipas governor. Exposing a politician’s dirty money is a prime way to ruin his credibility, and using information to buy influence, jobs and political favors is a Mexican political mainstay.

Ultimately, the case will serve as an important test of whether the country’s Attorney General’s Office is able to carry out a fully independent, fair investigation, free of political pressures.

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Related Content

ELITES AND CRIME / 23 AUG 2017

With four former presidents either in jail or fleeing arrest and another top politician now facing allegations of money laundering,…

MEXICO / 19 OCT 2012

Five municipal police who were found drunk in a bar in Durango state after being reported missing days earlier…

DRUG POLICY / 20 APR 2016

A recent report on poppy in Mexico's Guerrero state highlights both the economic benefits and violent repercussions the plant's cultivation…

Institutional Content

THE ORGANIZATION

Strategic Communications Manager Job Description

12 FEB 2021

InSight Crime is looking for a full-time strategic communications manager. This person needs to be able to work in a fast-paced world of daily news, high-profile investigations, national and international…

THE ORGANIZATION

We Have Updated Our Website

4 FEB 2021

Welcome to our new home page. We have revamped the site to create a better display and reader experience.

THE ORGANIZATION

InSight Crime Events – Border Crime: The Northern Triangle and Tri-Border Area

ARGENTINA / 25 JAN 2021

Through several rounds of extensive field investigations, our researchers have analyzed and mapped out the main illicit economies and criminal groups present in 39 border departments spread across the six countries of study – the Northern Triangle trio of Guatemala, Honduras, and El…

BRIEF

InSight Crime’s ‘Memo Fantasma’ Investigation Wins Simón Bolívar National Journalism Prize

COLOMBIA / 20 NOV 2020

The staff at InSight Crime was awarded the prestigious Simón Bolívar national journalism prize in Colombia for its two-year investigation into the drug trafficker known as “Memo Fantasma,” which was…

ANALYSIS

InSight Crime – From Uncovering Organized Crime to Finding What Works

COLOMBIA / 12 NOV 2020

This project began 10 years ago as an effort to address a problem: the lack of daily coverage, investigative stories and analysis of organized crime in the Americas. …