J&F Investimentos, controlling shareholder of the world's largest meatpacker JBS SA,, agreed to pay a record-setting 10.3 billion real (US$3.2 billion) fine for its role in corruption scandals that threaten to topple President Michel Temer. The settlement meant Brazil's sweeping graft investigations have now led to the world's two biggest leniency fines ever levied, Brazilian prosecutors said.
Brazil’s Supreme Court has ordered President Michel Temer to be questioned in writing, the latest development in an explosive corruption scandal that has him fighting for his political life.
Brazil’s president ordered the military to restore order in the country’s capital Wednesday after some government ministries were evacuated during clashes between police and protesters who are seeking the leader’s ouster. Tens of thousands of demonstrators marched to Congress to protest economic reforms that President Michel Temer is pushing through and to demand he step down amid a corruption scandal.
A special aide to embattled Brazilian President Michel Temer was arrested on Tuesday in connection with a fraud scheme and another aide gave police a bag filled with cash that was allegedly part of a bribe approved by the leader.
French financial prosecutors have launched an investigation into a 6.7 billion euro (US$7.5 billion) 2008 contract between naval supplier DCNS and Brazil that included the sale of five submarines, it was reported on Sunday in Paris.
Demonstrators marched across Brazil on Sunday calling for the resignation or ouster of President Michel Temer who is implicated in a widening corruption scandal that is undermining his government's fragile efforts to end a historic recession. Protests took place in cities including São Paulo and Rio de Janeiro, where hundreds of demonstrators marched along the shoreline, chanting and waving banners reading “Temer Out!”
Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda.
Brazilian President Michel Temer on Thursday rejected calls for his resignation, saying he will fight allegations that he endorsed the paying of hush money to an ex-lawmaker jailed for corruption. The embattled leader spoke in a national address after Globo newspaper reported Wednesday night that Temer was recorded supporting payments to former Lower House Speaker Eduardo Cunha.
Brazil's President Michel Temer faced calls for his removal Wednesday after a newspaper reported that he had been recorded discussing payments of hush money to a corrupt politician. Temer immediately denied the report in O Globo newspaper.
Lula da Silva, Brazil's hugely influential leftist president between 2003-2010, faces no fewer than five court cases, each of which could thwart his dream of a comeback in 2018. On Wednesday he is due to appear before Brazil's top anti-corruption judge, Sergio Moro, to face charges that he was given a luxury apartment as a bribe.