By Christopher Woody / Business Insider
In 2015, a Mexican contractor — and a close friend of Mexican President Enrique Peña Nieto — moved roughly $100 million into accounts outside the country amid a corruption probe, according to details posted online by the International Consortium of Investigative Journalists (ICIJ).
The documents describing the transactions — which Business Insider has not seen — were part of a massive trove of financial documents revealing the offshore holdings of public officials, businesspeople, and other celebrities.
The records leaked by an international group of media outlets come from the Panama-based international law firm Mossack Fonseca, a global firm that also provides trust services and appears to have many high-profile clients.
One of those clients, Juan Armando Hinojosa Cantú, the contractor in question, enlisted Mossack Fonesca to have him create trusts for accounts worth $100 million after he was investigated for allegedly giving special favors to the Mexican president and his wife, according to an analysis of the documents by ICIJ.
That contractor’s companies have won more than 80 government contracts and received at least $2.8 billion in state money, The New York Times reported last year.