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Finance inquiry for Mexico's Fox Finance inquiry for Mexico's Fox
(about 6 hours later)
Mexico's former president Vicente Fox is facing an investigation of his finances after a congressional committee approved the probe. Mexico's former President, Vicente Fox, is facing an investigation of his finances after a congressional committee approved the probe.
Magazine photos of his luxury ranch, which appeared to have been extensively renovated, sparked questions about where he got his money from.Magazine photos of his luxury ranch, which appeared to have been extensively renovated, sparked questions about where he got his money from.
Mr Fox, a former executive for Coca Cola, struggled financially while serving as a congressman, reports say.Mr Fox, a former executive for Coca Cola, struggled financially while serving as a congressman, reports say.
He denies any wrongdoing and says he is happy to be investigated.He denies any wrongdoing and says he is happy to be investigated.
"He who owes nothing has nothing to fear", he said in a statement."He who owes nothing has nothing to fear", he said in a statement.
"Ethics, transparency and full accounting have been the permanent norm throughout my entire life," he added."Ethics, transparency and full accounting have been the permanent norm throughout my entire life," he added.
Mr Fox provided his tax returns from 2001 to 2006, the years he was president, reports say.Mr Fox provided his tax returns from 2001 to 2006, the years he was president, reports say.
Hacienda lifeHacienda life
The magazine article published in the Mexican glossy Quien caused political commentators to question almost immediately how Mr Fox could afford such a home on his government wage, says the BBC's Will Grant.The magazine article published in the Mexican glossy Quien caused political commentators to question almost immediately how Mr Fox could afford such a home on his government wage, says the BBC's Will Grant.
"The Foxes at home one year on from office," read the magazine title."The Foxes at home one year on from office," read the magazine title.
The photo feature showed the former president and his wife in a variety of poses around their luxurious home and grounds in the central state of Guanajuato.The photo feature showed the former president and his wife in a variety of poses around their luxurious home and grounds in the central state of Guanajuato.
Older photos of the hacienda began to appear which seemed to show it was a fairly modest residence when Vicente Fox came to power.Older photos of the hacienda began to appear which seemed to show it was a fairly modest residence when Vicente Fox came to power.
His opponents accuse him of having an income he cannot explain and of abusing his authority while in office.His opponents accuse him of having an income he cannot explain and of abusing his authority while in office.
The former Coca Cola executive came to office in 2000 after more than 70 years of one-party rule on a promise of tackling corruption.The former Coca Cola executive came to office in 2000 after more than 70 years of one-party rule on a promise of tackling corruption.
His wife, Martha Sahagun, and her sons are involved in a long-running scandal over government contracts. All deny any wrongdoing.His wife, Martha Sahagun, and her sons are involved in a long-running scandal over government contracts. All deny any wrongdoing.