President of Mexico to Reveal Details of His Wealth

President Enrique Pena Nieto of Mexico
Mexican President Enrique Pena Nieto addressed state officials during an assembly on Thursday and said he will enforce reforms within the country's police department. |

Mexico's President Enrique Pena Nieto announced that he is willing to disclose to the public information regarding his personal wealth, Associated Press reported.

Pena Nieto made the announcement in response to the issues surrounding the mansion his wife television star Angelica Rivera acquired. He is hoping that the revelation will put an end to the controversies.

The president noted that the upcoming asset disclosure will contain more details as compared to the information he revealed in the past.

Pena Nieto had previously revealed his income and properties listed under his name but did not disclose any of their details. In his past revelations, he admitted that some of his properties were donated to him but did not provide names as to who gave them and for what reasons.  

He did not mention the exact date when he'll disclose his assets.

His announcement regarding the disclosure of his assets comes days after his wife spoke to the media regarding her controversial acquisition of the luxury home.

"Following what my wife has done, I have decided to make public the whole of my financial disclosure statement, because as president I appreciate and value more the confidence of Mexicans than the right to confidentiality as a public servant," Pena Nieto said.

The controversy surrounding the president and his wife stems from the house a subsidiary of the firm Grupo Higa sold to the couple.

Many people believed this is a conflict of interest as the government was about to enter a $3.75 million rail contract deal with China Railway Construction Corp Ltd. Grupo Higa was one of the Mexican companies included in the deal to construct the railway.

Due to the controversy, the Mexican government canceled the project while the first lady announced that she will sell her shares to the mansion, according to Reuters.

"Because I don't want this to continue being a pretext to offend and defame my family," Rivera explained.

The first lady previously said she had already settled a portion of the house's value, which is around 14.3 million pesos or roughly $1.05 million.

Rivera mentioned that she was able to purchase the mansion with her earnings while working as an actress for Televisa, the major broadcasting network in Mexico. Aside from the controversial house, she was also able to acquire another mansion because of her career.

"I have nothing to hide," Rivera said. "I've worked all my life and thanks to that I'm an independent woman."