Mexico’s leftist president Andrés Manuel López Obrador won the election in a landslide last year, thanks in large part to his promise to crack down on corruption throughout the Mexican political system and the country’s long-ailing state-owned oil company Petróleos Mexicanos. Now López Obrador is proving himself to be a man of his word, first by cracking down on the rampant, wide-scale fuel theft that has plagued Pemex for years, and now with a sweeping probe of the company, which has already uncovered a corruption scandal resulting in the arrest of a business executive, the issuance of a warrant for Pemex’s former Chief Executive Officer Emilio Lozoya, and multiple bans from serving in government positions for others involved in the revealed wrongdoings. “But what has escaped government scrutiny,” reported Bloomberg this week, “is just how much one of the two sweetheart deals in question helped out a bank owned […]