Monday, October 26, 2020

Brazil Former President Lula da Silva faces new corruption charges

-

Brazil’s federal police indicted former President Luiz Inacio Lula da Silva on Thursday for another case of corruption, reports AP.

The case involves donations made by construction company Odebrecht to the Lula Institute the former president founded after he left office.

According to the federal police, the donations to the institute, which were made between December 2013 and March 2014 and amounted to 4 million reals (1 million US dollars), originated from an Odebrecht account habitually used to pay bribes.

Lula, the Lula Institute’s head Paulo Okamoto, and former Finance Minister Antonio Palocci were charged with corruption and money laundering.

- Advertisement -

Lula’s defense lawyers said that the accusations do not make any sense, as the supposed bribes were paid when Lula had not been in office for years.

Lula’s last term ended in 2010.

Lula’s attorneys said the donations were normal and regular, with an identified origin and not related to any commitment. They also stressed that the donations were made not to Lula, but the institute, which is an organization separate from the ex-president and aims at preserving objects which are part of Brazil’s cultural heritage.

Lula was found guilty of corruption in other cases and started serving a sentence since April 2018. However, he was released earlier in November this year after Brazil’s Supreme Federal Court (STF) ruled that defendants in Brazil will only be arrested after their last appeal is settled.

- Advertisement -

Lula currently still has appeals to the Superior Court of Justice and STF to be judged.

MUST READ

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...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

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

Advertisement
Advertisement

Latest News

This Week

Former Harris County deputy constable pleads guilty to transporting drug money and heroin

A former Harris County deputy constable and her husband pleaded guilty Wednesday to charges of conspiracy to possess with intent to distribute heroin, according...

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...

Former North Macedonia PM linked to new money laundering probe

The Organised Crime Prosecution in North Macedonia on Monday confirmed the arrest of Risto Novacevski – the best man of fugitive ex-prime minister Nikola...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...
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