Wednesday, October 28, 2020

Brazil court trims Lula sentence, opening door to partial detention

-

Brazil’s jailed former leftist president, Luiz Inacio Lula da Silva, could gain partial freedom within five months following a court decision on Tuesday to reduce his sentence in one of two corruption convictions.

The popular politician began serving a 12-year prison sentence a year ago on a corruption and money-laundering conviction for accepting a luxury beachside apartment as a bribe from an engineering company in the “Carwash” graft scandal.

The Superior Court of Justice, the country’s second-highest court, reduced Lula’s sentence to eight years and 10 months, arguing that it was increased excessively by an appeals court last year.

With his time already served, Lula, who denies any wrongdoing, could gain the right by September to finish his term with his days free from jail, although he would still have to spend his nights in a prison cell.

- Advertisement -

That partial release would depend on an appeals court decision on his second conviction for corruption and money laundering for receiving bribes by two construction and engineering firms by way of funding improvements in a country house he and his family used.

If the appeals court upholds that conviction and a second 12-year, 11-month sentence without considering Tuesday’s decision, the 73-year-old Lula would find his hopes for a partial release dashed.

Brazil’s first working-class president has been indicted in six other corruption cases.

Lula governed Brazil from 2003 to 2010, introducing social programs that lifted millions of Brazilians from poverty at a time when Latin America’s largest economy was enjoying expansion driven by a global commodities boom.

- Advertisement -

MUST READ

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Operators of fake theology school accused of stealing $12 million in student aid

Six people from three states are charged with defrauding $12 million from federal student aid programs by allegedly enrolling students into a theology school...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Fundraiser Elliott Broidy pleads guilty in foreign agent case linked to 1MDB

Major Republican Party and Trump fundraiser Elliott Broidy pleaded guilty Tuesday to acting as an unregistered foreign agent, admitting to accepting millions...

EU takes legal action against Cyprus and Malta over investment for citizenship scheme

The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks