Mexico’s state-run oil company PEMEX will launch an internal investigation to look into allegations, first presented by the US Department of Justice, regarding bribes paid by Brazilian construction company Odebrecht to a number of high-ranking officials within the Mexican giant.
Odebrecht faces corruption charges throughout the region. In Mexico, the company is thought to have handed out up to $10 million USD to several government and PEMEX officials.
“PEMEX’s Responsibilities Unit, a sub-branch of the Ministry for Public Function, has begun an investigation to determine whether bribes were paid to executives of this Productive State Enterprise, and to sanction those who may be responsible”, announced the oil company.
Full Content: El Financiero
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Netflix and Other Streaming Giants Challenge Canadian Rules on News Funding
Jul 7, 2024 by
CPI
Watchdog Urges Colorado Investigation into Potential Rent Price Collusion
Jul 7, 2024 by
CPI
Antitrust Battle Looms Over Apple’s Lucrative Safari Deal with Google
Jul 7, 2024 by
CPI
Zimbrón Rejoins Cleary Gottlieb Steen & Hamilton as Antitrust Partner in London
Jul 7, 2024 by
CPI
NFL Petitions Judge to Overturn $4.7 Billion ‘Sunday Ticket’ Verdict
Jul 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI