Tag: Lula da Silva

Lula da Silva
Thursday, November 26th 2015 - 08:23 UTC

Brazil in shock: a leading senator and billionaire fund manager arrested for obstructing justice

Senator Delcidio Amaral, who leads President Dilma Rousseff's Workers' Party in the upper house, was the first sitting legislator to be put behind bars

Brazil is in shock following the arrest by police on Wednesday of a senior ruling-party senator and a billionaire investment banker in the intensifying probe of a huge corruption network centered on state oil giant Petrobras.

Wednesday, November 25th 2015 - 08:41 UTC

A rancher close to Lula da Silva arrested on Petrobras corruption probe

Federal police said that Bumlai was arrested in Brasilia and taken to Curitiba for questioning by Judge Sergio Moro, who heads the massive Petrobras probe

Brazilian authorities working on the country’s huge Petrobras corruption probe arrested Jose Carlos Bumlai, a rancher reportedly close to powerful former president Luiz Inacio Lula da Silva.

Tuesday, November 17th 2015 - 09:19 UTC

Rousseff again confirms Levy as (austerity) minister despite complaints from the ruling party

”I think the president of the PT (Rui Falcao) can have whatever opinion he wishes, but that is not the opinion of the government,” said Rousseff

Brazilian President Dilma Rousseff jumped to the defense of her embattled finance minister saying she would not be pressured into sacking him. Rousseff, fighting to save her second term presidency from threatened impeachment proceedings, said she was ignoring suggestions by the head of her own Workers' Party (PT) that Joaquim Levy should be dismissed.

Thursday, November 12th 2015 - 08:16 UTC

Brazilian ex-central bank orthodox president is back on stage called by Lula da Silva

Meirelles and Finance Minister Joaquim Levy delivered speeches to business leaders in Brasilia after having lunch together

Brazil's former central bank chief Henrique Meirelles said on Wednesday he was not invited to take over the finance ministry and insisted the government needs to push ahead with unpopular austerity measures to pull the economy out of recession.

Monday, November 2nd 2015 - 08:26 UTC

Lula urges ruling party to support austerity measures and minister Levy

Lula said Brazil had no alternative but to tighten belts to pull the economy out of its deepest slump in decades: “the party's future depended on it”.

Former Brazilian president Lula da Silva urged the ruling Workers' Party to back fiscal austerity measures in Congress, endorsing the efforts of Finance Minister Joaquim Levy to plug a gaping deficit. Members of Lula's party have opposed moves by Lula's protégée, President Dilma Rousseff, to cut public spending and social benefits as she strives to balance overdrawn accounts and restore investor confidence in Brazil.

Tuesday, October 27th 2015 - 07:30 UTC

Son of Lula da Silva's offices raided as part of investigation into tax fraud

The company LFT Marketing Esportivo belongs to Luis Claudio Lula da Silva, son of the former Brazilian president from 2003 to 2010.

Brazilian police on Monday raided the offices of a company belonging to a son of former president Lula da Silva as part of an investigation into tax fraud. The raid was part of a broader operation involving about 100 agents who descended on offices in the cities of Sao Paulo, Piaui and Maranho armed with arrest warrants and orders to seize documents and accounting records.

Saturday, October 17th 2015 - 06:43 UTC

“Rousseff has broken the law and must step down”, says top Brazilian lawyer

After breaking with the populist party a decade ago, Bicudo is today one of the most visible faces in the growing movement to depose Rousseff.

President Dilma Rousseff has broken the law and must step down so that Brazil can recover its legal bearings, the author of a key impeachment petition said. Helio Bicudo, a 93-year-old lawyer who was a high-ranking member of Rousseff's ruling Workers' Party, said in an interview that Brazil must return to “the rule of law.”

Saturday, October 17th 2015 - 06:30 UTC

Lula da Silva questioned for 90 minutes on allegations of influence peddling

In a statement, the Instituto Lula da Silva said the former president voluntarily appeared for 90 minutes at the federal public prosecutor's office in Brasilia.

Brazilian ex-President Lula da Silva, who allegedly used his influence to aid a leading domestic engineering group after leaving office, voluntarily testified on Thursday before federal prosecutors during an hour and a half, his foundation said.

Tuesday, September 29th 2015 - 06:28 UTC

Former president says “no way Uruguay can escape the impact of the Brazilian crisis”

“I can't see how Uruguay can escape the impact of the crisis in Brazil...Uruguay will have to find other markets”, stressed Fernando Henrique Cardoso

Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.

Wednesday, September 16th 2015 - 09:34 UTC

Two close associates of Lula da Silva will face trial on the Petrobras scandal

Dirceu, former chief of staff under ex-president Lula da Silva allegedly  masterminded the bribes and embezzlement scheme skimming Petrobras.

Two leading figures associated with Brazil's ruling Workers' Party will face trial over their alleged roles in the Petrobras graft scandal, authorities confirmed Tuesday.A judge has accepted to take on the case brought against Jose Dirceu, a former chief of staff under ex-president Lula da Silva (2003-2010), and who prosecutors say masterminded the bribes and embezzlement scheme skimming huge sums from the state oil giant.


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