investigations show illegal campaign financing part
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Investigations show illegal campaign financing part

Arab Today, arab today

Arab Today, arab today Investigations show illegal campaign financing part

Brazil's former minister of justice, Jose Eduardo Cardozo
Brasilia - Arab Today

 Illegal campaign financing has been an intrinsic part of Brazil's political landscape for generations, an ongoing investigation into graft revealed on Monday.

Brazil's former minister of justice, Jose Eduardo Cardozo, told reporters undeclared donations to political parties were "historic (and) cultural."

Cardozo spoke with reporters after testifying via videoconference call before Judge Sergio Moro, who leads Operation Car Wash, a long-running investigation into bribery and kickbacks at state oil giant Petrobras and the construction companies it contracted, including Odebrecht.

Cardozo, a witness for the defense of former Finance Minister Antonio Palocci, said that while the practice of contributing to what is known in Brazil as "Box 2," in reference to a second cashbox that is off the books, was illegal, it did not always conceal a bigger crime.

"Regrettably, the Box 2 in Brazil is historic (and) cultural, but it doesn't always hide corruption. Sometimes money is donated without effectively knowing its origin," said Cardozo.

"Is it illegal? It is. Is it reprehensible? It is. Is it ethically reproachable? It is. But it should not necessarily be confused with corruption or money laundering," said Cardozo.

However, the practice is the result of "an anachronistic political system that has to be replaced," he added.

More than a hundred politicians in Brazil have been accused of receiving illegal campaign funding from builders, such as Odebrecht, in exchange for lucrative construction contracts, and some lawmakers are calling for a blanket pardon.

Emilio Odebrecht, patriarch of the family empire, also testified on Monday, affirming what Cardozo said by admitting the company has been making illegal contributions to politicians "since my father's epoch."

His son and company President Marcelo Odebrecht is currently serving a 10-year sentence for bribery.

The Box 2 practice "was the reigning model in the country until recently," the father added. "There were obstacles beginning in 2014 and 2015, but up until then, it always existed; since the epoch of my father, in my epoch and in Marcelo's epoch."

Between 2006 and 2014, Odebrecht reportedly paid nearly 3.4 billion U.S. dollars in bribes and other illegal payments, 60 percent of that in Brazil and 40 percent in other countries where the company did business.

source: Xinhua

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

investigations show illegal campaign financing part investigations show illegal campaign financing part

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

investigations show illegal campaign financing part investigations show illegal campaign financing part

 



GMT 15:52 2016 Tuesday ,29 November

4 Seasons Hotel Riyadh hosts Lebanese Food Festival

GMT 19:20 2017 Monday ,24 April

Busaiteen girls' school construction completed

GMT 03:01 2017 Wednesday ,04 October

Terror-weary French set aside worries

GMT 09:11 2017 Tuesday ,24 January

Indian markets open higher due to buying intention

GMT 08:53 2017 Wednesday ,03 May

Asian markets mostly down in holiday-thinned trade

GMT 19:28 2017 Monday ,27 November

Saif bin Zayed meets USIP delegation

GMT 16:36 2018 Thursday ,06 December

Pakistan military wants US to leave as a 'friend'

GMT 22:02 2018 Friday ,14 September

Electricity Minister Mirza addresses webinar

GMT 22:34 2016 Monday ,04 April

Disney CEO frontrunner Thomas Staggs resigns

GMT 20:40 2018 Friday ,19 January

World Government Summit 2018 dates announced

GMT 01:24 2018 Friday ,12 January

Bahrain Bourse daily trading performance

GMT 13:08 2017 Monday ,18 December

Assange told not to interfere in Catalonia

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 13:48 2017 Wednesday ,12 April

Saudi King Meets UK Members of Parliament

GMT 17:21 2014 Thursday ,06 March

Eccentric living room for a family of musicians

GMT 07:27 2017 Friday ,03 November

World powers are failing to end conflicts

GMT 23:00 2016 Sunday ,18 December

UAE Ambassador attends Chilean presidential reception
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday