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

Brazzil Magazine covers

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

Brazzil Magazine covers

Brazil’s Largest Party Lines Behind Lula and His Choice to Succeed Him

The PMDB, Brazilian Democratic Movement party, Brazil’s main political force, reaffirmed its alliance with ...

Brazzil Magazine covers

In Brazil While Foreign Investment Goes Down Dollar and Deficit Are Up

Foreign direct investment (FDI) in Brazil was $25.949 billion in 2009, down 42.41%, compared ...

Brazzil Magazine covers

Africa and G4 Closer to an Agreement on UN Reform, Informs Brazil

Representatives of Africa have met with members of the G4 – Brazil, Germany, India ...

Brazzil Magazine covers

News that Bank of Brazil Took Part in Government Scandal Helps Chill Brazil Market

LatAm Stocks End Mixed CSN, Aracruz, Gol Beatrice Denis News that Bank of Brazil ...

Brazzil Magazine covers

Promising Vaccine to Cure AIDS Being Tested in Brazil

One of the most promising world researches for the development of an AIDS vaccine ...

Brazzil Magazine covers

Brazil: Lula Takes Zero Hunger to UN

Brazilian President Luiz Inácio Lula da Silva will once again call for a world ...