This site was created to curate the numerous online documents surrounding irregularities with Banco Monex. We hope this compilation of information makes your own research easier.

Monex & Loss Of Prestige

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This is the English translation of an article published  on the website “Sin Embargo”. A link to the original article is here.

The IFE: Monex and the loss of prestige

More than that today the Federal Electoral Institute (IFE) imposes or does not impose a fine on the Progressive Movement coalition, which competed with Andrés …

More than the fact that today the Federal Electoral Institute (IFE) imposes or does not impose a fine on the Progressive Movement coalition, which competed with Andrés Manuel López Obrador as a candidate for the Presidency of the Republic in the federal elections of July 2012, it is clear that, unfortunately for democracy in Mexico, that institution is no longer seen as a reliable institution.

The IFE, in accordance with what the law says, is a “public, autonomous and permanent” body in charge of organizing federal elections. And, in addition, it aims to be “an autonomous, transparent and efficient public body, in which society believes and fully deposits its trust, which stands out for providing increasingly reliable and higher quality services to the public and being the main promoter of democratic culture in the country “.

However , in light of the facts that have been reported and documented in the national press, by national and international electoral observer organizations and even by citizens in social networks since the 2012 presidential campaign, this institute has not fully complied with it. to society.

If the main function of the IFE, chaired by Leonardo Valdés Zurita , is to make the elections transparent and to give citizens confidence that their vote is respected, we can say that today we have a serious problem.

And it is that the signals that the advisors have sent in the last week are loaded of opacity and they have done but muddy still more the controversial election of the 2 of July 2012.

On January 23, the General Council of the Federal Electoral Institute exempted the Institutional Revolutionary Party (PRI) from responsibility for the Monex case, which generated anger not only from the left – Party of the Democratic Revolution (PRD), Partido del Trabajo (PT) and Movimiento Ciudadano (MC) – but also from the National Action Party (PAN).

To obtain the exemption, the Federal Electoral Institute had to resort, in a second round of voting, to the high hand of the adviser Sergio García Ramírez , a former PRI who since July 21, 2012 declared to be in conflict of interest due to his proximity to the owners of the company Efra, linked to Monex and the distribution of money from the PRI to capture votes in favor of Enrique Peña Nieto .

Less than a week ago, the IFE Inspection Unit decided that the left coalition “exceeded the ceiling by 62 million 766 thousand 642.80 pesos”, so the fine could be up to 129 million pesos. And, again, the opposition parties to the PRI have shown their indignation.

The Democratic Revolution Party informed, through its coordinator in the Chamber of Deputies, Silvano Aureoles Conejo , that they will urgently propose a reform to the Federal Code of Electoral Institutions and Procedures (COFIPE), where, in addition, they will ask for the dismissal of each of the counselors starting with President Valdés Zurita .

For its part, the PAN, according to its national president Gustavo Madero Muñoz , warned the counselors that the Monex case is not a closed case: “We will make a challenge and appeal to the decision made by the Federal Electoral Institute and we will go to Court to review this decision, “said the leader of the blue and white.

Yesterday, Luis Alberto Villarreal , coordinator of the federal deputies of the PAN, also undertook it against the IFE and its advisors whom he accused of attacking citizen intelligence.

“If López Obrador spent more money than Enrique Peña Nieto in the eyes of the Federal Electoral Institute, it seems like a mockery to the citizens that we saw something else,” said the Guanajuato legislator.

On July 7 there will be a new day of elections in 14 states: Aguascalientes, Baja California, Coahuila, Chihuahua, Durango, Hidalgo, Oaxaca, Puebla, Quintana Roo, Sinaloa, Tamaulipas, Tlaxcala, Veracruz and Zacatecas. In those entities, local deputies and municipal presidents will be elected, and in the case of Baja California, the next governor will be voted.

But those elections are reached amid public mistrust and disbelief towards those who, by law, must be impartial judges of those processes. The IFE and its advisors, unfortunately, have paid in recent months to take a step back and that Mexico relives the disenchantment for democracy.

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