12/21/2017 Bloomberg The arrest of the former treasurer of Mexico’s ruling party is the latest scandal to rock President Enrique Pena Nieto’s political group ahead of elections in which popular demand for a clampdown on corruption may play a defining role. Alejandro Gutierrez, 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 Andres Manuel Lopez Obrador. Read more...
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