Brazil’s Adman Involved in Corruption Has 79 Different Accounts in 9 Banks

Brazilian House Representative Gustavo Fruet, assigned the task of reporting on financial activities for Brazil’s Joint Parliamentary Investigative Commission (CPMI) on the Post Office, affirmed that the advertising executive, Marcos Valério de Sousa, did not lend money to the ruling Workers’ Party (PT).

He gave it, instead. Upon issuing his preliminary report on Valério’s financial activities, Fruet said that “there was no loan by Marcos Valério to the PT.” In his view, Valério donated this money to the PT. “Legally, he is the person liable for this debt to the Banco of Minas Gerais (BMG) and the Rural Bank.”


The deputy said that it is important to verify the source of the funds and that the CPMI is considering two hypotheses. One, that the loans were made without expectation of repayment, and the other, which is being investigated, that the loans were used to transfer funds held in foreign accounts.


For Fruet, one of the difficulties in analyzing Valério’s financial activities and his firms’ is that he opened 79 accounts in nine banks.


“It is evident that he covers his trail by using over 70 accounts in nine banks, and his accounting is confused. And this confusion is precisely to avoid clear identification of the origin of funds used to make payments,” he affirmed.


“There is no link between the money deposited in agencies of the BMG and the Rural Bank and the funds that were withdrawn.”


ABr

Tags:

You May Also Like

PC Pirates Killed Computer Market in Brazil

It didn’t take too long. Brazil has surpassed China as the champion of pirated ...

Violence and Corruption: Double Challenge for a Prosperous Brazil

The numbers from the IBGE (Brazilian Institute of Geography and Statistics) are impressive: Brazil ...

Spicy Girls

Brazzil `s Personals with a series of men seeking Brazilian women seem to have ...

A Brazilian Executive Tells Like It Is in the US and Elsewhere

Américo Ribeiro Mendes Netto, a native of the southernmost Brazilian state of Rio Grande ...

Couromoda, Brazil’s Number One Leathergoods Fair, Draws Over 60 Countries

Brazil's 2008 leather and shoe sector season has started today, January 14 in São ...

Brazil, the Fast Link Between Tunisia and the Americas

The Tunisian post office, La Poste Tunisienne, has found a way of speeding up ...

Upbeat Finance Minister Sees Brazil Growing 5% in 2006

Latin American stocks were mixed, with Brazilian stocks extending yesterday’s losses in light trading ...

In Defense of Elitism in Brazil

Elitism is like cholesterol: there’s the good and the bad. Bad elitism stems from ...

NEC Shows Its Broadband Goodies in Brazil

NEC do Brasil, a leading Brazilian provider of integrated communications solutions, will highlight the ...

Sí£o Paulo (10.9 Million), Rio (6.1) and Salvador (2.9) Brazil’s Biggest Cities

Brazil currently has 189.6 million inhabitants distributed across 5,565 cities and the capital of ...