• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipBrazil

Brazil’s Former President Is Charged With Hiding Assets

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
March 10, 2016, 4:33 AM ET
King Felipe of Spain Attend Audiences at Zarzuela Palace
Photograph by Juan Naharro Gimenez—Getty Images

Former Brazilian President Luiz Inacio Lula da Silva was charged in a money laundering investigation led by Sao Paulo state prosecutors on Wednesday, intensifying scrutiny of the politician questioned in a separate federal graft probe last week.

A spokesman for the state prosecutors declined to specify the charges, but state investigators have said they suspect Lula’s family owned an undeclared beachfront apartment in the city of Guaruja.

Federal investigators echoed those allegations after they detained Lula for questioning in police custody on Friday, fanning a political crisis that has rattled his successor, President Dilma Rousseff.

Lula has denied any wrongdoing and rejected the idea that he owned the luxury condo in Guaruja built by engineering group OAS, one of the conglomerates snared in a vast corruption scandal tied to state-run oil company Petrobras.

Lula’s lawyer called the charges an attempt by prosecutor Cassio Roberto Conserino to smear the former president.

“Conserino turned two visits to an apartment in Guaruja into concealed ownership,” defense attorney Cristiano Zanin Martins said in a statement calling on the Supreme Court to decide if state or federal prosecutors had jurisdiction.

The charges may make it more urgent for Lula to accept, if offered, a post in Rousseff’s government.

Brazilian media reported on Wednesday that Workers Party members were pressuring Rousseff to offer its founder Lula a ministerial portfolio that would shield him from possible detention.

If appointed, Lula could only be tried in the Supreme Court, placing him out of the reach of the federal judge investigating kickbacks at Petrobras.

Rousseff’s minister in charge of legislative affairs, Ricardo Berzoini, said on Wednesday that Lula could join Brazil’s government if he wishes.

“The ball is in his court,” Berzoini told Reuters. “The government is good with it,” he said.

According to two sources close to Lula, he was reluctant to join the government but pressure from his party has had some effect.

“The best chance that he has is to accept a ministry and for the trial to go to the Supreme Court so he receives a fair hearing,” said one of the sources, who requested anonymity to discuss Lula’s legal strategy.

The snowballing scandal puts Rousseff in a tough spot as she promises independence for investigators while trying to contain the political fallout in her Workers’ Party.

(Reporting by Lisandra Paraguassu; Writing by Daniel; Editing by Alan Crosby and Richard Chang)

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.