Brazil’s Lula faces new indictment for corruption
27 Dec 2019

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

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 U.S. 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.

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.

Read more at Xinhua

Photo: Marcello Casal Jr/ABr [CC BY 3.0 br], via Wikimedia Commons

RiskScreen: Eliminating Financial Crime with Smart Technology

You can claim CPD minutes for this content, by signing up to our CPD Wallet

FREE CPD Wallet