[ad_1]
© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador gestures throughout a information convention as he proposes an electrical energy reform to Congress searching for to spice up the position of the state energy utility, in Cuernavaca, Mexico October 1, 2021. Mexico’s Presidency/
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador stated on Monday that well-known international corporations had engaged in what he described as gasoline smuggling and he named international power dealer Trafigura for instance of the apply.
The feedback marked a brand new growth in an internet of corruption probes of a few of the world’s largest power merchants throughout a number of international locations in Latin America.
“We’ve discovered that a few of these well-known international corporations have been transporting contraband gasoline and Trafigura’s import allow has been suspended,” Lopez Obrador informed a daily information convention. He didn’t present particulars.
Trafigura denied any wrongdoing in an emailed assertion.
“Trafigura strongly denies that it’s or has been improperly transporting and/or delivering gasoline into Mexico. Trafigura complies with relevant legal guidelines and rules within the jurisdictions by which it operates, together with Mexico,” it stated.
“Trafigura has offered paperwork and proof of compliance with relevant necessities to the related authorities and can proceed to work with the authorities to make clear this example.”
Contraband can confer with merchandise smuggled into Mexico or items introduced into the nation beneath false documentation. Lopez Obrador stated the lawyer normal’s workplace was wanting into the difficulty.
Mexico’s power ministry final month stated 4 Trafigura gasoline import permits have been within the strategy of cancellation https://www.reuters.com/enterprise/power/mexicos-energy-ministry-suspends-several-trafigura-import-permits-2021-09-21 whereas one had expired.
The corporate beforehand stated the suspensions weren’t legitimate and that it follows the legal guidelines and rules of the international locations the place it operates.
Mexico can be probing Vitol https://www.reuters.com/enterprise/power/exclusive-mexico-probing-vitol-over-false-import-documents-tax-chief-2021-08-05, the world’s largest impartial power dealer, over “irregularities” within the documenting of its refined oil merchandise coming into Mexico that would result in legal fees for tax evasion.
Vitol has denied any wrongdoing, and beforehand stated the allegations dated again a few years and are associated to imports categorized by one other firm with which it labored.
Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties doable.
[ad_2]
Source