Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Invesco Charter Fund Q3 2025 Portfolio Positioning And Performance Highlights

December 14, 2025

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » Mexico president vows to clean up corruption at food security agency Segalmex
Commodities

Mexico president vows to clean up corruption at food security agency Segalmex

Press RoomBy Press RoomJuly 1, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday vowed to clean up cases of fraud and corruption at Segalmex, a government organization aimed at promoting food self-sufficiency in the agricultural sector.

Segalmex, created by Lopez Obrador, has been the target of multiple corruption accusations, with several former employees arrested by the Attorney General’s Office (FGR) on charges ranging from embezzlement to organized crime.

“It is the most scandalous case of corruption and I consider it the only one we have faced during our government,” Lopez Obrador said during a regular press conference.

Some 9.5 billion pesos ($555.75 million) were mismanaged by the organization since 2019, officials said, although the figure is preliminary and still under investigation.

Lopez Obrador has put rooting out corruption at the center of his presidency.

Lopez Obrador’s leftist National Regeneration Movement (MORENA) is now in the midst of a campaign to choose its candidate for the 2024 presidential election. Mexican law prevents presidents from seeking re-election.

Among the accusations against Segalmex were payments using public funds for goods and services that were not accounted for. Employees at the agency tried to hide invoices to prevent complaints from being made, officials added.

At least 87 people have been charged so far, 41 of which are former public servants, officials said. The probe is ongoing.

“This government does not tolerate corruption and impunity,” Lopez Obrador said.

($1 = 17.0941 Mexican pesos)

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Russia mulls extra tax for some commodities exports, including metals – sources

Commodities September 21, 2023

Gold prices tumble as Fed talks higher rates

Commodities September 21, 2023

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

Commodities September 21, 2023

China approves export licences for chip materials gallium, germanium

Commodities September 21, 2023

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

Commodities September 21, 2023

Federal Reserve interest rate signals prompt oil price dip

Commodities September 21, 2023
Add A Comment

Leave A Reply Cancel Reply

Latest News

At least 11 people killed in terror attack on Jewish festival at Sydney’s Bondi Beach

December 14, 2025

Wall Street Roundup: Market Reacts To Earnings

December 12, 2025

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025
Trending Now

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.