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Ex Brazilian president assets and bank accounts frozen

Thursday, July 20th 2017 - 07:18 UTC
Full article 45 comments
The bank accounts of Lula da Silva amount to more than 600,000 Brazilian Reais (US$190,000), according to the office of Judge Sergio Moro The bank accounts of Lula da Silva amount to more than 600,000 Brazilian Reais (US$190,000), according to the office of Judge Sergio Moro
Moro also barred the ex president from using three apartments, a piece of land and two cars linked to him. None can be sold until there is a final ruling on the case. Moro also barred the ex president from using three apartments, a piece of land and two cars linked to him. None can be sold until there is a final ruling on the case.

The Brazilian central bank has frozen four bank accounts belonging to ex-President Lula da Silva due to his recent conviction on corruption charges, the federal judge who heard his case said on Wednesday.

 The assets in question amount to more than 600,000 Brazilian reals (US$190,000), according to the office of Sergio Moro, who sentenced Lula to 9½ years in prison in connection with a sprawling graft probe involving oil giant Petrobras.

Moro also barred the ex president from using three apartments, a piece of land and two cars linked to him. None can be sold until there is a final ruling on the case.

A Lula da Silva spokesman confirmed the assets were frozen but did not comment further. The former president denies any wrongdoing and remains free pending a decision on his appeal. His defense has called the graft conviction politically motivated and a ploy to sideline Lula, widely considered a front-runner for next year's presidential election.

Last week the judge also seized a beachfront apartment in the city of Guaruja, Sao Paulo state that is the centerpiece of the corruption and money laundering case against Silva. The apartment is valued at about 2.2 million Brazilian Reais (US$700,000), according to investigators.

Moro, who is hailed as an anti-corruption hero by supporters and loathed as a zealot by detractors, said construction company OAS promised to give the apartment to Lula da Silva as a bribe for three contracts with Petrobras. The former president says the apartment was never his and he and his wife only visited once before declining to buy it.

Categories: Politics, Brazil.

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  • :o))

    @EscoSesDoidao

    REF: “The assets they have frozen/seized are nothing really”: Of Course; you are ABSOLUTELY right!

    Out of [+/-] Two Thousand Crooks; he is just ONE. They ALL must have been stealing for more than twenty or so years!!! So all of them together; they MUST have stolen MULTI-Billions [if not Trillions] throughout their “career”. THIS is the ONLY reason; why Brazil will forever remain as an Under-Developed Country.

    One can assume; that they'll NEVER ever stop stealing; since they are well protected by the same laws which these same crooks [lawmakers] themselves have made!

    The ONLY problem, is that due to the virtues of these laws; ALL of them will soon be enjoying 100% FREEDOM; because of the “Absence of Concrete-Evidences” [considering that all of their illicit earnings were transacted in TOTAL secrecy - without leaving ANY trace of the proofs].

    Secondly, due to the “Special Privileges” which they enjoy; they will also remain “untouchable” by the laws.

    Jul 20th, 2017 - 12:04 pm +1
  • :o))

    Although it's just a TIP of a HUGE iceberg; ultimately, he and the rest of the crooks will be in business as “NORMAL”:
    https://www.humorpolitico.com.br/wp-content/uploads/2017/07/Falta-o-Aecio-e-o-Michel-Temer.jpg

    Jul 22nd, 2017 - 09:41 am +1
  • Juanma

    Not much for the head of a crime syndicate.

    http://www.brasilwire.com/judicial-farce-moro-freezes-lulas-assets-cant-find-triplex/

    Jul 22nd, 2017 - 03:03 pm +1
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