Connect with us

Hi, what are you looking for?

Editor's Pick

Lula 2022 hopes brighten as Brazil’s top court could toss graft evidence

World44 minutes ago (Mar 09, 2021 11:45AM ET)

(C) Reuters. FILE PHOTO: Municipal elections in Brazil

By Ricardo Brito

BRASILIA (Reuters) – A day after graft convictions of Brazil’s leftist former President Luiz Inacio Lula da Silva were overturned, he may see the evidence against him thrown out by the Supreme Court on Tuesday, clearing his name ahead of a possible 2022 presidential run.

The Supreme Court said Justice Gilmar Mendes had called a Tuesday vote on an appeal by Lula’s legal team alleging that Sergio Moro, the former judge who sentenced him, was not impartial in overseeing investigations of the former president.

If the top court rules in Lula’s favor, it would cap a stunning reversal of fortunes for one of Brazil’s most popular and divisive figures, whose political hopes appeared decimated by the corruption cases against him in recent years.

If he runs, the leftist firebrand would immediately be the leading rival next year against far-right President Jair Bolsonaro, whose popularity has suffered in the face of a raging pandemic, rising inflation and stretched public finances.

A conviction blocked Lula’s run for a third term in 2018 after he led Latin America’s largest nation from 2003 to 2011.

Financial markets lurched on the prospect of a more polarized 2022 race, with Brazil’s currency slipping 0.5% after a sharp drop on Monday, heading toward its weakest close since May last year, when it hit all-time lows.

Supreme Court Justice Edson Fachin on Monday annulled the criminal convictions against Lula by ruling that a court in the southern city of Curitiba, where Moro presided, had lacked the authority to try Lula on corruption charges.

That decision, if upheld by the broader Supreme Court on appeal, would trigger Lula’s retrial in federal courts in Brasilia, the capital, leaving open the chance of another conviction blocking a 2022 candidacy.

However, if the court sides with Lula on Tuesday in the vote called by Justice Mendes, it would effectively throw out the cases against Lula.

The precedent could also undo much of the so-called Car Wash corruption probe overseen by Moro, which led to the convictions of dozens of Brazil’s political and business elite.

Lula 2022 hopes brighten as Brazil’s top court could toss graft evidence

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.


Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.


Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved