Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

Brazil Freezes Accounts of Ex-President Silva in Graft Case

The assets in question amount to more than 600,000 Brazilian reals

Former Brazilian President Luiz Inacio Lula da Silva looks on before giving a declaration to the media at the Worker Party headquarter in São Paulo, Brazil, Thursday, July 13, 2017, photo: AP/Andre Penner
3 months ago

SÃO PAULO – Brazil’s central bank has frozen four bank accounts belonging to ex-President Luiz Inacio Lula da Silva due to his recent conviction on corruption charges, the federal judge overseeing the case said Wednesday.

The assets in question amount to more than 600,000 Brazilian reals ($190,000), according to the office of Sergio Moro, who last week sentenced Silva to 9.5 years in prison in connection with a sprawling graft probe involving state-run oil giant Petrobras.

Moro also barred the ex-president from using three apartments, a piece of land and two cars linked to him. None can be sold until there is a final ruling on the case.

A spokesman for Silva, who denies any wrongdoing and remains free pending an appeal, confirmed the assets were frozen but did not comment further.

His defense has called the graft conviction politically motivated and a ploy to sideline Silva, widely considered a front-runner for next year’s presidential election.

Brazil’s Former President Luiz Inacio Lula da Silva attends the inauguration ceremony for the new leadership of the Workers’ Party, with ousted President Dilma Rousseff, behind, in Brasilia, Brazil. Photo: AP/Eraldo Peres

Moro said in his ruling that he requested the freezing of up to 10 million Brazilian reals, but the bank said it only found what was in the four accounts.

“It was not possible to trace the rest of the bribes paid in connection with the corruption at Petrobras,” Moro wrote. “It is possible it has been used to illegally finance electoral campaigns.”

Last week the judge also seized a beachfront apartment in the city of Guaruja, Sao Paulo state, that is the centerpiece of the corruption and money laundering case against Silva. The apartment is valued at about 2.2 million Brazilian reals ($700,000), according to investigators.

Moro, who is hailed as an anti-corruption hero by supporters and loathed as a zealot by detractors, said construction company OAS promised to give the apartment to Silva as a bribe for three contracts with Petrobras.

Silva says the apartment was never his and he and his wife only visited once before declining to buy it.

MAURICIO SAVARESE

Comments Whatsapp Twitter Facebook Share
More From The News
Sports

NBA Changes All-Star Game Format; Captai ...

2 weeks ago
Business

World Stocks Mixed as Investors await mo ...

2 weeks ago
World

Sweden Grants Temporary Asylum to 106-Ye ...

2 weeks ago
World

Puerto Rico Raises Hurricane's Official ...

2 weeks ago
Most Popular

Topo Chico removes VIP cells

By Administrador
Mexico

Pope Francis the environmentalist

By Administrador
Mexico

Lozano Boosts Housing Sector

By Administrador
Mexico

Chiapas Gov. Awards Poet and Anthropolog ...

By Administrador
Mexico

No Pants Subway Ride

By Administrador
Mexico