Brazil Adds Up the Theft by Its Politicians: US$ 5 Billion

Corruption has cost Brazilian taxpayers US$ 5 billion in the last four years according to a report published Sunday, August 20, in the daily newspaper O Globo, which also highlights that a third of all Brazilian federal Deputies face judicial investigation.

The report on the US$ 5 billion, which virtually evaporated with corruption, is based on 50 operations undertaken by the Brazilian Federal Police, Internal Revenue Service and the Attorney General Office.

O Globo points out that the money involved in those 50 cases and which extends to all branches of government and at all levels, could easily help finance three Pan-American Games, which the state of Rio do Janeiro is hosting in 2007.

The Director General of the Federal Comptroller Office, Luiz Navarro said that "corruption had disseminated into 70% of local governments throughout Brazil, basically because controls are too fragile".

O Globo also includes a report from Transparency Brazil and a parliamentary committee showing that 31.3% of all Lower House federal members from the richest states of the union São Paulo, Minas Gerais and Rio do Janeiro are under investigation for cases related to alleged corruption actions.

Possibly democratic Brazil’s major corruption scandal began in mid 2005 when the Workers Party of President Lula and other smaller members of the ruling coalition were accused of a major under the table payments racket to ensure Congressional support for the administration’s legislative program.

The scandal got the name of mensalão (big monthly allowances). The money was skimmed through publicity contracting from government owned companies and the private sector in exchange for favors.

Mercopress

Tags:

You May Also Like

UN Praises Brazilian AIDS Program

The world director of the United Nations Joint Program for HIV/AIDS (Unaids), Peter Piot, ...

Brazilian Chicken Exports to Middle East Grow 69% to Close to US$ 1 Billion

According to figures disclosed July 14 by the Brazilian Poultry Exporters Association (Abef), the ...

Portugal Backs Brazil for Permanent UN Seat

The prime minister of Portugal, Pedro Santana Lopes, who is on an official visit ...

Brazilian Reporters Threatened When Investigating City Hospital

A reporter and a photographer from the daily A Tarde, from Salvador, the capital ...

While Brazil Pays Lip Service to Idea Uruguay Gives Every Student a Laptop

Brazil has been talking about it for years but never delivered. The little and ...

Brazilian Beef Industry Has Plans to Weather the Crisis

Beef exports by Brazil, from January to November, totaled US$ 5 billion, representing growth ...

Brazilian Finance Minister Resigns. BNDES President Takes Over.

Latin American stocks were mixed, with Brazilian stocks edging higher amid news that Brazil’s ...

Brazil and Co. Help Cuba Strike Oil and Snub Washington

For a country long in the grip of a paralyzing economic malaise, and with ...

For Brazilians

The Brazilian Consulate in Los Angeles  answers the most common questions from Brazilians living ...

Brazilian President Vows to Contain Inflation and Maintain Growth

In the latest warning against surging consumer prices in Brazil, Brazilian President, Luiz Inácio ...

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