Brazil's ex-Speaker faces losing seat

Image
IANS Brasilia
Last Updated : Sep 13 2016 | 8:22 AM IST

Brazil's lower house was considering whether to expel former Speaker Eduardo Cunha amid accusations that he lied about undeclared Swiss bank accounts, a media report said on Tuesday.

Cunha denies wrongdoing and has said former president Dilma Rousseff's supporters are seeking revenge, the BBC reported.

He has also threatened to reveal compromising information about other politicians.

"This criminal government has been removed thanks to me," he said during the session on Monday, accusing Rousseff's Workers' Party of seeking his removal to bolster her claim that the impeachment process against her had been a "coup".

Cunha was also being investigated by the Supreme Court for allegedly taking millions of dollars in bribes to secure contracts with state oil giant, Petrobras, the BBC reported.

Petrobras is at the centre of a massive kickbacks scandal which cost the company $2 billion and has led to the arrest of dozens of lawmakers and top businessmen.

At least three businessmen have said under interrogation that they paid bribes to Cunha, which they deposited in his overseas accounts.

In March 2015, Cunha stated that he did not have "any type of account anywhere that is not declared on my income tax", the BBC noted.

But authorities in Switzerland later gave information to a corruption inquiry in Brazil stating that Cunha and his wife, Claudia Cruz, were beneficiaries of secret accounts worth about $5 million.

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 13 2016 | 8:08 AM IST

Next Story