Brazil
News

Brazil's ex-leader Lula reportedly to become minister

Bnamericas Published: Wednesday, March 16, 2016
Brazil's ex-leader Lula reportedly to become minister

Former Brazilian President Luiz Inácio Lula da Silva will reportedly accept a post as minister in President Dilma Rousseff's government.

According to local media, Lula changed his initial decision to turn down a position in the Rousseff administration following Sunday's pro-impeachment protests, the largest the country has ever seen.

As a minister, Lula would be more protected from the charges against him, which are now in front of federal judge Sérgio Moro, who is overseeing the so-called Lava Jato investigation tied to a graft scheme to secure contracts with national oil company Petrobras.

Lula is accused of money laundering and misrepresentation for allegedly concealing ownership of an apartment provided by construction company OAS. The construction firm is being investigated by Moro as part of Lava Jato.

As a minister, the former president's arrest would have to be authorized by the supreme court, putting him in front of a different judge.

IstoÉ Dinheiro reported that Lula has not yet officially announced his decision, but that both the ruling workers' party and the federal government will accept the post. The administration has also not made an official announcement because it is reportedly consulting with its legal team to confirm that Rousseff cannot be charged with obstruction of justice if Lula were to face charges.

***

UPCOMING BNAMERICAS EVENTS

5TH Mexico Infrastructure Summit

Click here to see the agenda and speakers

4TH Mexico Oil&Gas Summit

Click here to see the agenda and speakers

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: Zoraida
  • Current stage: Blurred
  • Updated: 18 hours ago

Other companies in: Political Risk & Macro (Brazil)

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.