Mexican political parties fined US$2.3 million for accounting irregularities

The Labor Party will pay the most: US$638,635, followed by the Democratic Revolution Party, with US$537,367.
Ciro Murayama Rendón, electoral adviser, explained that the fines correspond to expenses unaccounted for, failure to allocate a percentage of their funds to specific activities and other irregularities. (Photo: Yadín Xolapa / EL UNIVERSAL)
16/12/2015
13:30
Notimex
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The General Council of the National Electoral Institute (INE) approved fines against nine political parties for almost 39.4 million pesos (US$2.3 million), after reviewing their 2014 revenues and expenses reports.

The Labor Party (PT) will pay the most: 10.95 million pesos (US$638,635), followed by the Democratic Revolution Party (PRD), with 9.21 million pesos (US$537,367).

The Institutional Revolutionary Party (PRI) was fined 8.86 million pesos (US$516,804) and the National Action Party (PAN) 3.43 million pesos (US$200,536).

Also, the Social Encounter Party (Encuentro Social) will pay a fine of 2.64 million pesos (US$154,383), the National Regeneration Movement (Morena) 1.62 million pesos (US$94,817), the Citizens Movement 1.41 million pesos (US$82,991), the Humanist Party 1.28 million pesos (US$75,181) and the New Alliance Party 1,345 pesos (US$78.7)

Ciro Murayama Rendón, electoral adviser, explained that the fines correspond to expenses unaccounted for, payables and receivables from over a year ago, failure to allocate a percentage of their funds to specific activities and other accounting irregularities.

He added that "the fines represent less than one percent of the audited resources, so we can say that political parties comply with regulations in general terms.”

 

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