A federal judge has provisionally suspended an arrest warrant for former Pemex CEO Emilio Lozoya, Bloomberg reports citing Mexico’s daily Reforma. The case against Lozoya centers on the 2015 sale of a fertilizer plant by steel maker Altos Hornos Mexicanos SA, or AHMSA, to Pemex for what auditors say was an inflated price. Investigators say Lozoya appears to have received a substantial personal payment for facilitating the purchase, at the expense of taxpayers. His accounts have been frozen.
Transparency Across the Fertilizer Value-Chain