Mexico - 05

Mexico: Panama Papers Highlight Lack of Progress in Domestic Anti-Corruption Efforts

On 3 April multiple media outlets around the world released the so-called Panama Papers, a collection of 11.5mn leaked documents belonging to Panamanian law firm Mossack Fonseca that revealed that many important world leaders from both the private and public sectors were involved in offshore accounts arrangements. Notably, Mexico did not escape the scope of the Panama Papers. Documents reveal that Juan Armando Hinojosa, the president of Grupo Higa, a construction conglomerate and government contractor, participated in transactions of unknown origin for up to $100mn. Already, Hinojosa has been linked to cases that have greatly hurt the ruling PRI.


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