Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor

FCPA Blog Daily News

« Keith Slotter: The ex-con behind the video is now my friend | Main | Shruti Shah: G20 Summit needs U.S. leadership against corruption »

Brazil president charged with corruption

Brazil's chief prosecutor formally accused President Michel Temer of taking $11.5 million in bribes from a meatpacker in exchange for help resolving tax disputes and securing bank loans.

In a statement sent Monday to Brazil’s Supreme Court, Prosecutor-General Rodrigo Janot charged Temer with agreeing to take money from JBS SA.

Temer can't be put on trial in the Supreme Court unless Brazil's lower house of Congress authorizes the action.

In May, the parent company of Brazil meatpacking giant JBS agreed to pay a fine of about $3.2 billion spread over 25 years for bribing 1,900 local politicians.

During testimony for a leniency agreement, JBS executives said Temer took bribes to help resolve tax matters and to obtain loans for the company from state-run banks.

Temer has denied the allegations. He said Monday he would fight the latest accusations.

In August 2016, Brazil’s Senate removed President Dilma Rousseff from office. Temer took over after serving as her vice president.

The Senate charged Rousseff with manipulating the budget to hide a deficit and acting without authority.


Richard L. Cassin is the publisher and editor of the FCPA Blog.