Pemexgate
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Pemexgate was a political scandal in Mexico that occured during the presidency of Vicente Fox (2000-2006).
[edit] Event
In 2001 it was discovered that funds from the union of workers of PEMEX, the national oil company, were misdirected to support the campaign of Francisco Labastida, candidate for the Institutional Revolutionary Party in the year 2000. Those thought responsible were not convicted although the party was fined for MXN $1,000 million (about 90 million United States dollars). The press gave it the name pemexgate, a portmanteau of pemex and watergate.
[edit] See also
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