Brazil’s Ex-speaker Should Feel the Full Weight of the Law, Says Transparency International

    Eduardo Cunha gives a press conference - Lula Marques/AGPT

    Eduardo Cunha gives a press conference - Lula Marques/AGPT Transparency International released a note welcoming the decision by the Brazilian House of Representatives to strip its former speaker, Eduardo Cunha, of his parliamentary mandate for misleading statements about his assets.

    The organization is also calling for a full-scale investigation into the origins of these assets.

    As Transparency reminds us, the House voted against Cunha because he was caught lying at an inquiry about holding bank accounts abroad. At least four accounts were later identified by Swiss prosecutors in the name of Cunha and his wife.

    In his defense Cunha emphasized that he didn’t lie because “he’s not the owner, only the beneficiary” of the accounts.

    Eduardo Cunha gives a press conference - Lula Marques/AGPT

    “We now need to find out where the money came from in the accounts and let the judicial process take its course,” said José Ugaz, the chair of Transparency International.

    “There should be no impunity for cases of grand corruption. Should Cunha be found guilty of having illicit funds, he should be brought to justice and answer fully before the law.”

    Beneficial owners of companies and trusts can enjoy the benefits of property or equities even though legal title of the property belongs to another person or entity. Such lack of transparency is often used to hide corrupt assets.

    Transparency International advocates for beneficial ownership transparency through the creation of national central public registries of companies and greater transparency around trusts. Such steps are critical in order to end impunity for grand corruption.

    Brazil was among the weakest countries in the Transparency International’s assessment of the strengths and weaknesses of G20 countries beneficial ownership transparency frameworks.

    The study was conducted in 2015 after the G20 made bold commitments in 2014 to end the secrecy that allows the corrupt to hide their identity and shift dirty cash anonymously.

    To Transparency, grand corruption is the abuse of high-level power that benefits the few at the expense of the many, and causes serious and widespread harm to individuals and society. It often goes unpunished, they argue.

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazilian president Michel Temer talks to entrepreneurs in New York - Beto Barata/PR

    Popularity Down to 5%? So Be It if It Saves Brazil, Says President Michel Temer

    During a press conference with US executives in New York, President Michel Temer reiterated ...

    São Paulo governor, Geraldo Alckmin

    Now Is the Opposition’s Turn to Get Involved in a Corruption Scandal in Brazil

    After the mensalão (big monthly allowance) case rocked Brazil’s ruling party, the Workers Party ...

    Brazilians protesting in the streets

    Lula’s Conviction Is a Testament to How Far Brazil Has Come as a Democracy

    After Dilma Rousseff was ousted as president in August 2016, Brazil’s pro-impeachment camp confidently ...

    Brazil's president Michel Temer by Fábio Rodrigues ABr

    Brazil Transfers Power from a Scandal-Plagued Party to Another No Less Corrupt

    Brazil’s Congress has installed Michel Temer as the country’s new president. He had served ...

    Rousseff Leaves Presidential Palace While Her Backers Take to the Streets to Protest

    Brazil’s former President Dilma Rousseff left Palácio da Alvorada, the official presidential residence, where ...

    In Brazil Coups Are the Rule. Elected Government Is the Exception

    With a rom-pom-pom, the Brazilian Marine Corps brass band introduced the national anthem and ...

    Accident or Not, the Death of a Justice Helps the New Brazilian President

    The tragic death of Teori Zavascki, the Brazilian Supreme Court Justice who died in ...

    In Brazil, Bloody Police Strike Goes On in Espírito Santo and Spreads to Rio

    Despite an announcement by the government that the state of Espírito Santos, in southeastern ...

    Protest against Temer in Curitiba, Paraná state - Lula Marques/Ag PT

    If Brazil President Manages to Remain in Office He’ll Be Too Crippled to Govern

    Demonstrators marched across Brazil on Sunday calling for the resignation or ouster of President ...

    Under-the-Table Money Moves 90% of Political Campaigns in Brazil

    For University of Brasília political scientist, David Fleischer, irregular campaign financing in Brazil is ...