Businessman arrested for theft of 5bn pesos from housing fund Despite having no experience, his company won state contracts without bidding
Published on Friday, April 30, 2021
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A businessman accused of looting 5 billion pesos from the national housing fund has been arrested in Xochitepec, Morelos.
Teófilo Zaga Tawil was apprehended Friday morning for organized crime and money laundering relating to contracts between his company and the National Workers Housing Fund (Infonavit), a state run fund which helps people gain access to mortgages.
The public prosecutor’s office believes that the contracts and payouts between his company, Telra Realty, and Infonavit were illicit because they were awarded without any bidding process, and the company did not not have the capital, professional experience or infrastructure to carry out the work.
News Many social housing projects were built too far from sources of employment to be of any use.
Housing restoration project has ambitious goal: 175,000 units in four years Some 650,000 social housing units have been abandoned. Most will likely be demolished
Published on Wednesday, December 23, 2020
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Renovating just one home can be challenging. How about 175,000?
That’s the number of abandoned social housing dwellings the federal government aims to restore before it leaves office in late 2024.
According to the newspaper
Milenio, an average of 119 homes will have to be renovated every day during the next four years for the government to achieve its goal.
Government declines union request to take control of troubled airline Interjet continues to cancel flights; no planes expected to fly until Friday
Published on Tuesday, December 15, 2020
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The federal government told Interjet workers on Monday that it won’t take control of the beleaguered airline as requested by the employees’ union last week.
An employee who spoke to the newspaper
Milenio said that he and his colleagues were informed of the decision at a meeting with officials at the Interior Ministry.
Section 15 of the Mexican Workers Confederation asked the government last Friday to requisition Interjet, saying that leaving the airline in the hands of its new owners poses a threat to national security, the economy and the public interest.