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| Caribbean-Latin America |
| Third Brazil Minister Resigns over Corruption Scandal |
| 2016-06-18 |
| [ENGLISH.ALMANAR.LB] Brazil's interim president Michel Temer lost the third cabinet member of his month-old administration to a swirling scandal when his tourism minister resigned Thursday after being accused of taking bribes. Presidency sources told AFP that tourism minister Henrique Eduardo Alves had submitted his resignation after a key witness accused him of accepting 1.5 million reals (around $445,000) diverted from state oil company Petrobras.Brazil tourism minister Henrique Eduardo Alves Alves, a member of Temer's center-right PMDB party, joins former transparency minister Fabiano Silveira and former planning minister Romero Juca, who were both forced to resign over leaked phone recordings linked to the scandal. Temer and Alves were among some 20 politicians named in the latest batch of allegations to emerge in the explosive scandal. Sergio Machado, the former chief executive of Petrobras subsidiary Transpetro, said in a plea deal with prosecutors that both men asked him for money from an illegal kickbacks scheme that diverted some $2 billion from the national oil giant. Machado said Temer asked him for about $430,000 to fund an ally's campaign for mayor of Sao Paulo, according to documents published Wednesday. |
| Posted by:Fred |
| #2 Joseph, Argentina's Peso, even though only worth a few cents to the dollar, has been increasing in value too fast and the Argentina Central Bank had to put the brakes on the Peso Friday. Too much strength for the Argentina Peso in a South American economy coming out of shambles was too much of a good thing too soon. |
| Posted by: Lonzo Cromomp3188 2016-06-18 19:30 |
| #1 At last check, OWG Co-Superpower Should-be BRAZIL is about to self-declare itself a national econ or financial disaster heading into the Olympics. NO DOUBT RIVAL ARGENTINA IS GLEEFUL, iff only covertly??? |
| Posted by: JosephMendiola 2016-06-18 00:29 |