Brazil’s PT Pays Cash to Vice President’s Firm, But Has no Record of It

Brazil’s ruling party, the Workers’ Party (PT) issued an official note yesterday, December 5, in reply to charges that it had deposited US$ 460,000 (1 million reais) in a bank account belonging to the Coteminas textile company, which is owned by José Alencar, who is Brazil’s Vice President and also the country’s Minister of Defense.

The note, signed by the PT’s national president, Ricardo Berzoini, and its national financial secretary, Paulo Ferreira, acknowledges a US$ 5 million (11 million reais) debt to the company for 2.75 million T-shirts purchased for the 2004 municipal election campaign.

However, according to the note, "there is no record of a 1 million reais payment to Coteminas in May of this year or of any other payment referring to the liquidation of said debt."

A story published in the newspaper Folha de S. Paulo, states that a 1 million reais cash deposit made on May 17 of this year was identified in a Financial Activities Control Council document.

José Alencar, who is on leave from Coteminas since 2002, defended the company he founded from any wrongdoing. According to him, it’s the PT that has give any explanation in the case.

"Coteminas is celebrating 30 years and it doesn’t have not even a pin that has not been accounted for in the books. The company has no slush fund, it doesn’t sell without receipt and it doesn’t buy without receipt. Maybe this is the problem with the company. If it had double accountancy it would not be subject to what is happening."

Alencar said that Coteminas received the money, deposited it and gave a receipt to the PT. The Vice President added that he is ready for any investigation, that, according to him should "be tough as every investigation should be."

ABr

Tags:

You May Also Like

Doctors Without Borders Calls Brazil’s Bluff on AIDS Patent

International medical aid agency Médecins Sans Frontières (Doctors Without Borders, MSF) criticized the Brazilian ...

America is bad, Brazil is worse

Since we’ve published in our January issue “America, the Ugly”, an interview with Ana ...

Iran Tells Brazil It Has Close to US$ 4 Trillion and Is Looking for Deals

Teheran wants to expand its economic relations with Brazil. This according to Iranian ambassador ...

Brazil Government Forecasting Lower 2005 GDP

The Focus bulletin, released Monday, November 7, by Brazil’s Central Bank (BC), forecasts that ...

A U.S. Foundation to Save Olinda, a Brazilian Treasure

The city of Olinda, a small historical town in Brazil, which is practically integrated ...

Itaú-Unibanco Bank Merger Gets Brazil’s Seal of Approval

A year and nine months after the merger of two of Brazil’s largest private ...

After 21 Deaths, 4,000 Policemen Take Over Rio’s Streets

Four thousand military policemen have taken to the streets of Rio and Greater Rio ...

Brazil’s Petrobras Keeps Its Place at Dow Jones Sustainability Index

Petrobras, the Brazilian state-controlled oil and gas multinational has maintained its share in the ...

Brazilian Astronaut Gave Up Nasa to Celebrate Dumont’s Pioneer Flight

The Brazilian Space Agency (Agência Espacial Brasileira) (AEB) is in a race against time ...

Brazil: Rio Landfill’s Biogas Will Power Petrobras’ Plant

The garbage decomposition’s gas at the Jardim Gramacho landfill, in Duque de Caxias, the ...

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