As Mexico Finance Minister departs, tycoon's role in government raises questions

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MEXICO CITY: At the heart of former finance minister Carlos Urzua's abrupt exit from the Mexican government was a dispute with President Andres ...

MEXICO CITY: At the heart of former finance minister Carlos Urzua's abrupt exit from the Mexican government was a dispute with President Andres Manuel Lopez Obrador's chief of staff, a millionaire who has placed business associates in influential government posts.

"I asked Alfonso Romo to help in the coordination of the development banks, and there was disagreement over that," Lopez Obrador said at a regular news conference. "The simple appointment does not generate a conflict of interest," Montes de Oca said."The conflict of interest would arise if the appointment is made to obtain a benefit in the future."The administration of Lopez Obrador put Eugenio Najera in charge of the two state banks in December.

"I don't see any conflict of interest, but if that was one of his disagreements, I respect his point of view. I don't share it," Lopez Obrador said, adding that he personally"kept an eye" on everyone, including his family, to avoid abuse of power. In an interview with Reuters last year, Romo said he would step down from his government post before he would sell any ventures.

 

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