Brazil - Brazzil Mag - Now, President's Son Is Latest Suspect in Brazil's Corruption Scandal
Advertisement
  Home arrow Back Issues arrow 2004 arrow July 2005 arrow Now, President's Son Is Latest Suspect in Brazil's Corruption Scandal Thursday, 26 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care
-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Who's Online
We have 112 guests online
Latest News
Statistics
Members: 494
News: 11474
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Now, President's Son Is Latest Suspect in Brazil's Corruption Scandal PDF Print E-mail
Written by Newsroom   
Monday, 11 July 2005

There seems to be no end to the barrage of accusations against Brazilian President Luiz Inácio Lula da Silva's administration, his Workers Party and now his family, more specifically his eldest son, Fábio, a true history of rags to riches.

Brazil's Sunday press questions how the President's 30-year-old son, Fábio went from being virtually unemployed to having a fortune estimated in several million dollars in the past two years.

The weekly magazine Veja, which had previously exposed several close aides of Mr. Lula da Silva who were forced to resign, published a five-page expose on the business dealings of the younger da Silva.

Época magazine and Jornal de Brasília also have stories contending that the corruption allegations that have plagued Lula's administration in recent months are now reaching the President himself.

Lula's son, a biologist earned a living teaching English and computer classes until his father took office, reports Veja.

But in December 2003, when Lula da Silva had been in office for one year, Fábio and two partners started three companies to provide public relations services and produce video games. These businesses are now worth 5 million reais, approximately 2 million US dollars, according to the magazine.

The start-up capital for the businesses, Veja indicates, came entirely from soft loans extended by telecommunications company Telemar in which state-owned development bank BNDES has a 25% stake. Public pension funds, meanwhile, hold a 19% stake in the telecom firm.

Telemar confirmed its partnership with the president's son but told Veja there was nothing illegal about the arrangement.

Media reports also raised questions about links between some public Telemar pension funds and banks close to Lula's ruling Workers Party (PT).

The PT has been battered by a wave of corruption allegations in recent weeks.

Education Minister Tarso Genro was elected the new head of the PT early Sunday, replacing José Genoíno who resigned amid mounting corruption allegations.

Mr. Genoíno's resignation is believed to have been triggered by the arrest last Friday night of PT leader José Adalberto Vieira da Silva, an adviser to José Nobre Guimarães, Genoíno's brother and fellow member of the PT's national committee.

Vieira da Silva was arrested at the São Paulo airport when he was unable to explain the origin of 200,000 reais (approximately 85,000 US dollars) in cash he was carrying in a briefcase and another 100,000 US dollars he had stuffed in his underwear.

Corruption allegations had previously forced PT secretary-general Sílvio Pereira and treasurer Delúbio Soares to resign.

The charges also forced the resignation in late June of presidential chief of staff José Dirceu, Lula's right-hand man in government and close associate of some 20 years.

"The Workers Party does not buy and does not pay Congress members," said Mr. Genoíno on resigning adding, "we have made mistakes...but we don't practice irregularities, we don't commit illicit activities".

Until now the Brazilian president has remained above suspicion, but in an opinion poll published on Saturday 55% of those questioned believe President Lula da Silva was aware of the money and bribes scheme and did nothing or very little to stop it.

This article appeared originally in Mercopress - www.mercopress.com.

Hits: 8954
Comments (0)Add Comment

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17.  Three policemen died and another two were injured.  This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.