Brazil's president vows to veto corruption amnesty

Image
AFP
Last Updated : Nov 27 2016 | 9:22 PM IST
Brazilian President Michel Temer today sought to calm popular anger over claims that Congress is seeking to grant itself a corruption amnesty, saying he would veto any such measure.
"It would be impossible for the president of the republic to approve something of this nature," he said in a rare weekend news conference.
"We all agreed there isn't the slightest basis... For going ahead with this proposal," he added, sitting alongside the speakers of the lower house and Senate.
Temer -- whose government is fighting several scandals of its own -- was responding to outrage over an attempt in the lower house on Thursday to vote on a bill apparently including an amnesty for the previous use of slush funds in political campaigns.
Numerous members of Congress and political parties have been linked to the alleged receipt of bribe money as part of the giant Petrobras state oil company corruption scandal.
Temer said he wanted the amnesty controversy to be set aside so that Congress can focus on passing his proposed 20-year spending ceiling -- the first of a series of austerity reforms aimed at pulling Brazil out of its worst economic slump in decades.
The lower house has approved the ceiling and the Senate is due to hold a first vote Tuesday.
"We will propose reforms so that Brazil can exit the recession," Temer said. "We will boost industry, business and agribusiness.

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: Nov 27 2016 | 9:22 PM IST

Next Story