Records show Mexico president misrepresented Valle de Bravo land deal

Mexico's President Enrique Pena Nieto reacts during a ceremony to sign into law new-anti corruption legislation on May 4. (Henry Romero /Reuters)
Mexico’s President Enrique Pena Nieto reacts during a ceremony to sign into law new-anti corruption legislation on May 4. (Henry Romero /Reuters)

By Simon Gardner / Reuters

Mexican President Enrique Pena Nieto misrepresented to authorities the circumstances under which he acquired one of his properties, public documents reviewed by Reuters show, a discrepancy that could add to the controversy surrounding his personal finances.

According to an official asset declaration first made in 2013, Pena Nieto stated that he acquired the property through a “donation” or gift from his father. Pena Nieto has since updated and ratified this declaration twice.

Under a public information request, Reuters reviewed documents showing that Pena Nieto actually purchased the property in question – a 1,000 square meter piece of land in the town of Valle de Bravo – in 1988 from a third party. He paid 11.2 million pesos, equivalent to around $5,000 at the time, the registry shows. His wealth declaration lists the property as being valued at just 11,200 “old” pesos, the equivalent to around $5 at the time.

The declaration lists eight other real estate properties, five of which are also listed as donations. Reuters couldn’t determine if those five properties, which include houses and land, are accurately characterized.

http://www.reuters.com/article/2015/05/28/us-mexico-property-politics-idUSKBN0OD2SE20150528

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