Incoming Mexico's leading blasts campaign fine as 'act of vengeance'

MEXICO CITY (Reuters) – Mexico's incoming president Andres Manuel Lopez Obrador on Friday slammed a decision by the electoral authority over $ 10 million over a campaign financing breach, calling it an "act of vengeance" against his landslide victory.

On Wednesday, the National Electoral Institute (INE) handed down the Lone to Lopez Obrador's leftist National Regeneration Movement (MORENA)

But the INE said MORENA was opaque about the money and came out of it.

"This is an act of vengeance," Lopez Obrador said outside his team's offices in Mexico City, accusing the INE of behaving "tendentiously" and overreaching.

"They're acting this way because they do not accept the new reality," the 64-year-old said, resorting to the fate of combative tone he used in the campaign to attack the government.

Since his commanding election on July 1, Lopez Obrador had been far more conciliatory towards the organs of the state.

Lopez Obrador said MORENA would fight the decision in court.

Due to take office on Dec. 1, Lopez Obrador has yet to be formally declared president-elect by the electoral tribunal.

As a result, Lopez Obrador said he would not wait for a summit meeting of Pacific Alliance trading bloc leaders in the western city of Puerto Vallarta next week.

He will, however, meet with Canadian Foreign Minister Chrystia Freeland when she and other ministers of the Canadian Cabinet visit Mexico City on Wednesday, he said.