Brazil’s national development bank has frozen $13.5bn of funds for 47 overseas projects, including those in Angola, Mozambique, Cuba and the Dominican Republic, as yet more corruption charges are brought against politicians and executives arising from the Lava Jato corruption probe.3 comments
A federal judge in Brazil ruled on Thursday that former President Lula da Silva will stand trial for an alleged bribery scheme related to work by construction giant Odebrecht in Angola. It's the second time in less than a month that a federal judge has ruled that Lula, a two-term president who left office in 2011 as Brazil's most popular president must stand trial.
Brazilian prosecutors said on Monday they had charged former President Lula da Silva and Marcelo Odebrecht, ex-CEO of engineering group Odebrecht SA, with corruption related to contracts in Angola.
Brazil’s Workers Party suffered its worst-ever result at the polls as voters used Sunday’s local elections to punish it for a deep recession and a series of corruption scandals. After 13 years in power the party saw its vote collapse across Brazil in a dramatic confirmation that it is now fighting to retain a seat at the top table of Brazilian politics following the impeachment of president Dilma Rousseff in August and the decision last month to try party founder and former president Lula da Silva for corruption.
Brazilian president Michel Temer addressing business leaders and foreign policy experts in New York earlier this week revealed another twist to the recent political events in the country which led to the impeachment and removal of his elected predecessor Dilma Rousseff.
Former President Dilma Rousseff called the prosecution of her predecessor on corruption charges another attack on Brazil's democracy, speaking just weeks after the Senate removed her from office in an impeachment trial.
Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.
The Brazilian judge overseeing the investigation of a US$2 billion corruption scheme centered on state oil company Petrobras ruled Tuesday that former President Luiz Inacio Lula da Silva must stand trial on charges arising from the probe.
Brazil's former president Lula da Silva defended himself against corruption charges Thursday, saying the case against him was an attempt to destroy him politically ahead of elections in 2018.Speaking a day after prosecutors accused him of masterminding a massive corruption scheme at state oil company Petrobras, the popular leader launched a wide-ranging defense of his career and legacy.
Brazilian Federal Supreme Court justice has authorized the opening of an investigation into President Dilma Rousseff and her predecessor Lula da Silva for allegedly working to obstruct the course of a sweeping corruption probe, GloboNews news channel said on Tuesday.