While Alejandro “Alito” Moreno’s political career was on the rise, his brother created a series of shell companies and built a real estate empire that spans residences in both Mexico City and the United States. This was revealed in an investigation by the organization Mexicanos Contra la Corrupción y la Impunidad (MCCI).
The report, released recently, indicates that the Mexican Attorney General’s Office and the Financial Intelligence Unit are already investigating a network of companies allegedly used for the triangulation of funds. This information comes shortly after Moreno succeeded in modifying the statutes of the Institutional Revolutionary Party (PRI) to maintain his leadership. He has already filed for his candidacy in this internal process.
Despite experiencing electoral defeats since he took over at the PRI—particularly in the recent elections in Mexico State and the presidential contest—Moreno Cárdenas has secured a seat as a plurinominal senator.
Authorities are examining deposits flagged as “irregular” into Alejandro Moreno’s accounts, including those directed towards some of the shell companies. These funds are reported to have originated from Emigdio Moreno, Alejandro’s brother, who has been leading the PRI since taking office as the governor of Campeche in 2019.
As the investigation unfolds, it has come to light that Emigdio is the representative of six companies, including EMC Metering Systems SA de CV and Flow Control Instrumentation SA de CV. The irregular financial activities trace back to 2004 when Alejandro was serving as a federal deputy. Notably, the largest cash deposit attributed to him was 600,000 pesos in June 2009, while the biggest cash withdrawal reached 1.25 million pesos.
The investigation has also uncovered concerning patterns, with a company named Power Petroleum de México SA de CV receiving significant sums shortly after its establishment. The funds, amounting to four million pesos, were transferred from EMC Metering Systems over just two months in the summer of 2019.
Continuing this trail of irregularities, investigators discovered that Power Petroleum subsequently redistributed the funds to other companies, eventually leading back to Emigdio. According to the report, this gave rise to questionable financial activities that included over 11 million pesos in deposits, of which more than 3 million were sent to Alito.
The irregular movements concerning Alejandro Moreno and his brother were particularly pronounced during his time in various influential positions within the PRI, as well as during his tenure as a deputy, senator, and governor of Campeche.
For more insights on political corruption and accountability efforts, you can refer to organizations working in this field, such as Transparency International.
Image and News Source: https://www.infobae.com/mexico/2024/07/25/mcci-lanza-investigacion-contra-alito-moreno-y-su-hermano-asi-triangularian-recursos-con-una-red-de-empresas/
