Mexican president owns no motors or real estate 1

Mexican president owns no motors or real estate

Mexican President Andres Manuel Lopez Obrador said on Friday he owns no actual estate, motors, or personal assets, echoing what experts say is a sample of of the United States of America’s politicians of moving assets to loved ones.
Spouse’s call.

The veteran leftist received a landslide victory in July after a campaign centered on rooting out corruption in Mexico, which experts say is the worst in Latin America. He cuts an austere figure, ditching the presidential residence, flying educate, and using a white Volkswagen Jetta.

Transparency advocates welcome Lopez Obrador’s disclosure after fighting to get members of his predecessor Enrique Pena Nieto’s management to open up about their finances, stated Alexandra Zapata of the Mexican Institution for Competitiveness (IMCO), a think tank that promotes excellent governance and fights corruption.

But his assertion raised as many questions about his wealth as it spoke back, she brought.

“The president, who will send this message of austerity, loses credibility in how he talks about his property, his assets, and his interests,” stated Zapata, the institution’s director of education and civic innovation.

Lopez Obrador disclosed month-to-month internet profits of 108,744 pesos ($five six hundred) from his government work and savings worth 446,068 pesos.

In addition to real property and automobiles, Lopez Obrador’s non-public possessions and household goods, including works of artwork and different treasured objects, were disclosed in his spouse’s call, a spokesman for the president’s workplace stated.

Mexican politicians have long been accused of obscuring their wealth by registering property below household names. Occasionally, those who absorb the assets are called “prestanombres,” or people who lend their names.

Lopez Obrador has slashed salaries for public officers, including his own, and was confused on Friday that others in his management could be required to claim their belongings, too.

The president said throughout the news convention that his fundamental asset was his belongings in the southern country of Chiapas, which he inherited from his parents and is now registered under his children’s names.

“Money has by no means interested me,” he stated. “I combat for ideals, for standards.”

Under a brand new national anti-corruption gadget, federal, kingdom, and nearby officers will soon be required to put up particular disclosures about earnings and belongings, as well as the ones those families.

Lopez Obrador has cast himself as a man of the humans in poor use.

During the information convention, he said he had no credit card, a common refrain in his speeches. In 2017, just 37 percent of Mexicans had an account with a financial institution or another type of economic institution, consistent with a World Bank study of people over 15 years old.

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I am a writer, financial consultant, husband, father, and avid surfer. I am also a long-time entrepreneur, investor, and trader. For almost two decades, I have worked in the financial sector, and now I focus on making money through investing in stock trading.