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Lula da Silva formally charged with corruption related to contracts in Angola

Tuesday, October 11th 2016 - 08:05 UTC
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The new charges say Lula used his influence to secure financing for Odebrecht projects in Angola, and in return paid 30 million reais (US$9.31 million) The new charges say Lula used his influence to secure financing for Odebrecht projects in Angola, and in return paid 30 million reais (US$9.31 million)

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.

 Lula is facing several other charges related to a sweeping kickback probe at state-run oil company Petrobras.

The new charges say Lula used his influence while in office to secure financing from Brazil's development bank, BNDES, for Odebrecht projects in Angola - and that Odebrecht in return paid 30 million reais (US$9.31 million) in kickbacks to Lula and others.

Prosecutors also say Lula interfered in a state-run development bank to assure financing for a small firm owned by a nephew of his late first wife. The charges include corruption, money laundering, trafficking of influence and criminal organization.

The ex president has denied any wrongdoing.

A judge last month ruled that Silva must stand trial on money laundering and corruption charges involving company-financed improvements at a beachfront apartment. He says he's never owned the apartment

Categories: Economy, Politics, Brazil.

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  • Jack Bauer

    “The ex president has denied any wrongdoing.”

    Well, who would have expected that ??

    “He says he's never owned the apartment”

    Right, he never got to put his grubby hands on the property because the sh*t hit the fan (Oct 2014) before it was to be transfered - free of charge - from OAS to Lula.....there is no doubt he would receive it as a 'gift' for favours rendered, past and present.

    Oct 12th, 2016 - 03:10 pm 0
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