investigations show illegal campaign financing part
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Investigations show illegal campaign financing part

Egypt Today, egypt today

Egypt Today, egypt 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

egypttoday
egypttoday

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 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 10:00 2012 Monday ,16 January

Iranian press festival for Muslim women opens

GMT 20:46 2018 Wednesday ,05 December

World Bank funds water projects in North Kordofan State

GMT 11:31 2017 Saturday ,11 November

MEDays Forum panel looks to spur economic growth

GMT 06:49 2018 Tuesday ,23 October

"Tbilisi Fashion Week" Spring Summer 2019 ended

GMT 12:24 2018 Friday ,28 September

Al Sissi urges restart of Mideast peace talks

GMT 10:44 2018 Wednesday ,26 September

Venezuelan president Maduro says ready to meet Trump

GMT 11:20 2018 Saturday ,20 January

China sees births fall despite push

GMT 19:48 2017 Monday ,02 October

Egypt's Wali in Amman for Arab meeting

GMT 14:15 2017 Wednesday ,20 December

47 ships transit Suez Canal

GMT 09:50 2017 Thursday ,14 December

Heads for Moscow for Egypt-Russia flight resumption

GMT 14:43 2017 Tuesday ,12 December

Celtics turn tables on Pistons, Oladipo shines

GMT 11:52 2017 Wednesday ,15 November

Boeing announces $27bn order from flydubai

GMT 04:26 2017 Thursday ,02 March

Balqees, Assaf to take stage at Dubai Lynx

GMT 12:29 2018 Thursday ,15 November

Dubai Tourism to inaugurate ‘HITEC Dubai 2018’

GMT 08:42 2018 Tuesday ,16 October

North Korea slams US for ‘evil’ sanctions push

GMT 13:34 2017 Saturday ,22 July

Sisi raises Armed Forces flag on the Military Base

GMT 09:32 2017 Sunday ,13 August

Huge explosion hits Daesh site in Iraq

GMT 01:32 2017 Saturday ,15 April

Russia's Putin earns about 157,000 USD in 2016
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday