Brazil jolted by probe of ex-leader ‘Lula’

Rogerio Jelmayer and Luciana Magalhaes – The Wall Street Journal – 7/16/2015

Brazil’s ruling party was newly buffeted on Thursday as federal prosecutors opened an investigation into former President Luiz Inácio Lula da Silva for alleged influence peddling on behalf of a Brazilian construction giant.

Officials are trying to determine whether the popular Mr. da Silva used his clout upon leaving office to convince international leaders to award contracts to Odebrecht SA, and to push Brazil’s development bank, known as BNDES, to finance those deals with subsidized loans.

Under Brazilian law, both acts are criminal offenses, with influence peddling punishable by up to five years in prison. The alleged offenses occurred between 2011 and 2014, after Mr. da Silva left office, and involved a series of big infrastructure deals that Odebrecht won with nations including Ghana, Angola, the Dominican Republic and Cuba.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s