Borge and his allies plundered at least 16 billion pesos

By Elliot Bullman

The former governor of Quintana Roo, Roberto Borge, formed a network of more than 50 people who looted the treasury´s coffers on a daily basis.

The former governor of Quintana Roo, detained in Panama pending his eventual extradition to Mexico, is awaiting trial for embezzlement to the tune of at least 16 billion pesos during 2015 and 2016, according to administrative investigations.

borge

In a damning special investigation by CNN´s Expansion, Roberto Borge - formed a network of more than 50 people inside and outside his government with which he operated scams to extract public resources at a rate of 667.4 million pesos per month, which equates to 22.2 mdp per day or 926,944 pesos per hour.

In other words, Borge and his cohorts were looting the state treasury of Quintana Roo at a rate of 1.2 kilograms of 24-carat gold per hour at present metal values.

audiencia_roberto_borge©. Original material by Germán Espinosa, vía El Universal

The stolen funds correspond to a wide range of felonies such as bogus government programs, funds sent illegally to offshore bank accounts and the illicit sale of the municipalities´ real estate assets, according to the ongoing investigations led by the administration of Carlos Joaquín González, the current governor of the peninsular state.

Alarmingly, the figure could be even more as the Supreme State Audit (ASE) continues its revisions of public accounts for the years of 2015 and 2016. The results of the probe will be delivered no later than September 5 to the State Congress.

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