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 13:42 2015 Saturday ,04 April

Libyan warplane targets camp in Gharyan town

GMT 15:14 2017 Wednesday ,01 March

UN documents nearly 1,500 child soldiers in Yemen

GMT 07:24 2017 Sunday ,01 October

Mexico unlikely to find more quake survivors

GMT 16:15 2015 Wednesday ,11 November

German intelligence 'spied' on Fabius, FBI, UN bodies

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016

GMT 16:30 2017 Saturday ,15 July

Minister of planning gives priority

GMT 19:45 2017 Wednesday ,05 April

President of Senegal Meets Attorney General

GMT 05:18 2017 Thursday ,21 September

Over 80 missing after migrant boat sinks off Libya

GMT 19:22 2017 Saturday ,01 April

UN: Number of Syrian Refugees Tops 5 million

GMT 15:16 2016 Thursday ,29 September

FBI to put up database on police use of deadly force

GMT 05:06 2016 Friday ,30 September

Indian markets open flat

GMT 01:57 2017 Tuesday ,10 October

Twin suicide bombs kill 13 near Mogadishu airport

GMT 02:25 2017 Friday ,08 September

UAE celebrates National Day at Expo 2017 Astana

GMT 06:19 2017 Sunday ,08 January

Bleaching poses the gravest threat to coral reefs

GMT 12:35 2017 Monday ,18 September

Elham Shahin happy for “Day for Women”

GMT 09:46 2017 Thursday ,22 June

US existing home sales unexpectedly rise in May

GMT 02:36 2017 Tuesday ,10 January

US embassy condemns Al-Arish suicide attack

GMT 10:34 2017 Sunday ,26 November

czar faces graft probe
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