Former treasurer in Mexico’s ruling party arrested for corruption
Mexico City — The arrest of the former treasurer of Mexico’s ruling party is the latest scandal to rock President Enrique Peña Nieto’s political group ahead of elections in which popular demand for a clampdown on corruption may play a defining role. Alejandro Gutiérrez, who controlled the accounts of the party known as PRI, was arrested on Wednesday on allegations he orchestrated a financing scheme to funnel public money to political campaigns. The peso fell to the weakest level in nine months as investors worry the scandal may boost the prospects of left-leaning candidate Andrés Manuel López Obrador. A growing list of top PRI officials, from governors to the former CEO of state oil giant Pemex, have come under scrutiny in recent months amid corruption accusations. The party faces a presidential race with dismal approval ratings, control over fewer states than ever before, and with at least eight of its current or recent governors under investigation or in jail. The party’s press of...
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