Pemex under lens

 15 Jun 2014 - 0:54

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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.