Brazil’s Lula Didn’t Get Money from Cuba, Says Finance Minister

Brazil’s Minister of Finance, Antonio Palocci, in testimony before the Senate Commission on Economic Affairs, Wednesday, November 16, declared that as the Political Coordinator of the Luiz Inácio Lula da Silva 2002 presidential campaign he was able to declare that the campaign did not receive funding from Cuba, Angola or the FARC of Colombia.

Palocci said that as one of the coordinators of the campaign he did meet with business leaders and ask them for contributions, but he never was involved directly in handling campaign funds.

"I was involved in the campaign full-time, but I never heard anything about these foreign contributions," he said.

With regard to financial scandals in Ribeirão Preto when he was mayor, he said he has presented documents proving that the charges are false.

As for the renegotiation of Angola’s debt, Palocci said that because the debt was not being paid the renegotiation was necessary and that it was done openly, above board.

ABr

Tags:

You May Also Like

The King of the River

CDs or Books by Keyword, Title or Author By Hélio Pólvora À memória de ...

Should the US Worry With China’s Poaching in Brazil and Venezuela?

As China’s economy soared during the 1980’s, its consumption of foreign oil rose as ...

As Indy Goes Back to Brazil Brazilians Use Race to Sell their Wares

Brazilian companies are going to make use of the starting race of the Indycar ...

Brazil Has Nothing to Fear, Says Bolivia’s New President

Bolivian elected president Evo Morales said that the "gas business" with neighboring Argentina and ...

The Time Is Now for Brazil to Build a Strong Military! Just Hire Laid-Off NASA Scientists

There are many naïve people around the world who think that a country can ...

For this Brazilian Urban Couple Beekeeping Became a Honey of a Business

Our story starts like this: Once upon a time there was a couple, a ...

Brazil’s PT Is Dying of Arrogance and Disregard for the Future

It appears that the Workers Party (PT) has suddenly died. That sentence, however, contains ...

Foreign Investors Back in Brazil to the Tune of US$ 2.8 Bi This Month

Foreign direct investments in Brazil are expected to attain US$ 2.8 billion this month, ...

Inflation Fears Bring Market Down in Brazil

Brazilian stocks fell, yesterday, alongside lackluster trading in the U.S. Brazilian equities suffered as ...

Come October Brazilians Living Overseas Must Vote in Presidential Election

There are 86,000 Brazilians residing outside Brazil who will be voting in the October ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`