Mexican tycoon in graft case released after agreeing to repayment deal ...Middle East

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Mexican tycoon in graft case released after agreeing to repayment deal
MEXICO CITY: A Mexican businessman accused of corruption over the alleged sale of a disused fertilizer plant to Pemex was released from prison Monday after agreeing to repay the state oil company US$216.6 million (RM 891.8 million), judicial sources said.Alonso Ancira, the former head of steel giant Altos Hornos de Mexico, is accused of selling the plant to Pemex for US$200 million (RM 823.4 million) in 2012.He left Mexico City jail without making any statements to the press.Hours earlier, a judge had suspended the proceedings against him after he signed a reparation agreement, to be made in three payments by 2023, a source from the Federal Judiciary Council told reporters.Ancira was arreste

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