Two Mexican businessmen living in Texas allegedly bribed Mexican officials to secure $2.5 million in contracts with Petróleos Mexicanos (PEMEX), Mexico’s state-owned oil company, and a subsidiary, the Department of Justice (DOJ) alleged.

The indictments of Ramon Alexandro Rovirosa Martinez and Mario Alberto Avila Lizarraga, which followed an investigation by the Office of Inspector General of the Federal Deposit Insurance Corporation, are just the latest in years of allegations by the DOJ and the Commodities Futures Trading Commission of corruption surrounding PEMEX and Vitol, the world’s largest energy trader.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...