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 Stock Market Starts Carbon Credits Sale

The Spanish multinational energy company, Endesa, inaugurated a mechanism that makes it the first ...

Brazzil Magazine covers

For Brazil UN Human Rights Council Should Guarantee Life Free from Fear

The United Nations Human Rights Council is composed of 47 countries, elected among the ...

Brazzil Magazine covers

Brazil and Argentina Vow Strong Trade Links, But Keep Fighting over Licenses

The governments of Brazil and Argentina are discussing the possibility of reducing the number ...

Brazzil Magazine covers

Sí£o Paulo, Brazil, Never Saw So Many Tourists: 11 Million

São Paulo, Brazil's largest city and the main economic hub in the country, received ...

Brazzil Magazine covers

Brazil Can Learn with Iglesias How to Take the Leap into the Future

Although younger than the Argentine Raúl Presbisch, the Brazilian Celso Furtado and the Chilean ...

Brazzil Magazine covers

Brazil, a Stone in Microsoft’s Shoes

Brazilian authorities have in several occasions praised the open-source operating system known as Linux. ...