Trial of ex-Pemex boss threatens to lift lid on Mexico's 'cash box'


  • World
  • Tuesday, 21 Jul 2020

FILE PHOTO: Reporters gather around a car, part of a convoy believed of transporting Emilio Lozoya, the former chief executive of the oil company Petroleos Mexicanos, who is wanted in Mexico on corruption charges, after his extradition from Spain, in Mexico City, Mexico, July 17, 2020. REUTERS/Luis Cortes/File Photo

MEXICO CITY (Reuters) - The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvass for Mexico's leftist president to depict rot at the heart of government that he has vowed to clean up.

Once a symbol of Mexican self-reliance and ingenuity, the firm known as Pemex became increasingly beset by graft accusations and financial problems, crushed under a mountain of debt and taxes.

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