Latinnews Daily - 02 October 2017

The Secretaría de la Función Pública (SFP), Mexico’s federal government oversight body, has imposed a total of US$54m in fines on four Costa Rica-based firms that provided services to Mexico’s state-owned oil firm, Pemex, for securing these contracts by providing false information. The SFP said that its auditors have found that the four Costa Rican firms (Servicios Petroleros Especializados (Sepec), Sepec Well Servcies, Sepec CTS, and Petrodata Services) provided false documentation to obtain contracts with Pemex but that the contracts were nonetheless approved by former Pemex official Maclovio Yáñez Mondragón. According to the SFP, Yáñez, who was Pemex’s northern region production deputy director until 2003, approved the awarding of the contracts despite concerns raised by other Pemex officials. Noting that the four firms have been banned from bidding for public contracts in Mexico for five years, the SFP said that the investigation into Yáñez’s role in the case is ongoing.

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