Brazil's leader, billionaire accuse each other of corruption

Image
AP Sao Paulo
Last Updated : Jun 18 2017 | 3:57 AM IST
Embattled President Michel Temer exchanged furious denunciations of corruption with a leading businessman who alleges Brazil's leader was behind the bribes paid by business executives to politicians and government authorities in exchange for political favours.
Meatpacking billionaire Joesley Batista, who is himself under investigation for fraud, claimed in an interview published in the news magazine Epoca that "Temer leads Brazil's largest and most dangerous criminal organisation." He provided no specifics to back up his charge.
Temer's office fired back yesterday with a statement describing Batista as "the most notorious and successful bandit in Brazil's history" and it promised to file criminal and civil lawsuits against him.
Batista is now a key witness in corruption investigations that threaten to force Temer out of office before his term ends in December 2018.
Prosecutors have said they are considering charging the president with receiving bribes and with trying to obstruct the investigation into a colossal corruption scheme at the state-run oil company that involved huge kickbacks to politicians in return for inflated contracts.
Dozens of politicians and business executives already have been convicted in the Petrobras case.
A key part of the evidence against Temer comes from plea bargain agreements with prosecutors signed by Batista and his brother Wesley that allow the two men to remain free. Under investigation in a pension fund fraud, they have said they paid kickbacks to more than 1,800 politicians to win favours for their JBS meatpacking company.
JBS is the world's biggest meat processing company and operates more than 100 industrial units around the world, including in the United states.
Their revelations include a recording of a March meeting between Batista and Temer in which the president appears to condone the payment of hush money to imprisoned former Speaker of the House Eduardo Cunha, who is serving a 15-year corruption sentence.
Prosecutors have said that in the recording Temer is heard authorising Batista to pay Cunha the equivalent of about $150,000 a week for not reaching a plea bargain deal.

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: Jun 18 2017 | 3:57 AM IST

Next Story