Category Archives: News

New Report says Mexican President Spent $590 Million on Trips and Expenses

Mexico's President Enrique Pena Nieto, right, and Japanese Prime Minister Shinzo Abe toast each other.
Mexico’s President Enrique Pena Nieto, right, and Japanese Prime Minister Shinzo Abe toast each other.

Telesur

The administration of Mexican President, Enrique Peña Nieto, spent hundreds of millions on trips and expenses during 2013, according to the Federal Institute of Information Access (IFAI).

The organization announced this week that the President and his team, which have been criticized for the high number of external visits made during the two first years at office, expensed $590.48 million on more than 20 trips.

http://www.telesurtv.net/english/news/Mexican-President-Spent-590M-on-Trips-Expenses-Report-20141217-0041.html

Regal Springs secures loan to expand tilapia operations

Undercurrent News – Regal Springs’ Mexican subsidiary, Acuagranjas Dos Lagos, has secured $10 million funding for an expansion to its tilapia operations. The project will help address increasing demand for tilapia in Mexico and in global markets, and help efforts to reduce pressure on wild fish stocks.

http://www.undercurrentnews.com/2014/12/18/regal-springs-mexico-subsidiary-secures-10m-for-expansion/

Vigilantes shootout in Morelia leaves 11 dead

Vigilantes in MoreliaAl Jazeera – A shoot-out between rival vigilantes in Michoacan has left 11 dead. The incident, which occurred on Tuesday, signaled a renewed unrest in an area President Enrique Pena Nieto’s government said had been pacified. The clash pitted two rival vigilante groups against each another in the town of La Ruana.

http://www.aljazeera.com/news/americas/2014/12/mexico-vigilantes-deadly-shoot-out-michoacan-state-2014121774030123616.html

China, Russia, India, and Mexico are biggest source of illegal money

Russia is on the top with $122.86 billion, followed by China with $249.57 billion in terms of the quantum of black money moving out of a country for 2012.

Washington Post – Everybody’s heard about the economic growth of China, India, Mexico and Russia (well, at least, until recently). But it turns out that success has come with a big asterisk: These countries now are the biggest source of illegal money in the world, exporting $1 trillion a year in laundered funds, drugs, and under-the-table payments.

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/16/china-russia-india-and-mexico-launder-as-much-money-as-the-next-141-developing-countries-combined/