Brazilian President Temer Officially Charged With Corruption

Tyler Durden's picture

Just over a month after O Globo newspaper first brought the world's attention to the fact that Brazil's President Michel Temer was 'allegedly' involved in "hush money" payments, then vehemently denied by him; and just a week after the police confirmed it had evidence that Temer received bribes, O Globo, reports citing court documents, that President Michel Temer was formally charged with corruption by Prosecutor-General Rodrigo Janot.

As we noted last week, almost exactly one month after Brazil's stock market crashed, and the Real plunged after the country's never-ending political drama made a triumphal return following accusations that president Michel Temer had encouraged a "hush money" bribe to former House Speaker Eduardo Cunha in return for not getting dragged into the Carwash scandal, Brazil’s federal police force said it has found evidence that the embattled president received bribes to help businesses, Brazil's O Globo reported.

Then earlier today, Brazil’s federal police confirmed it had found evidence that President Michel Temer allegedly committed three crimes, according to local media reports. As Bloomberg reports,

 

Federal police sent full report to the Supreme Court regarding allegations gathered through plea bargains from executives at meat-packer JBS.

 

In the report, police found evidence of corruption, obstruction of justice and failure to report a crime.

 

Police also said there was no evidence of tampering with the audio of the meeting of Temer and the then-head of JBS, Joesley Batista, secretly recorded by the latter.

While Temer has repeatedly denied the accusation, Bloomberg reports that the accusations are based on JBS's Joesley Batista's plea bargain.

Brazil’s Temer was officially charged with corruption by the chief prosecutor on Monday evening, in a highly-anticipated development that may put the embattled president of Latin America’s largest economy on trial.

Rodrigo Janot charged Temer in a case in which the president was accused of corruption and obstruction of justice, according to documents filed at the Supreme Court. The charges need to be approved by two-thirds of Brazil’s chamber of deputies to proceed. It is not yet clear how long that process will take. The president has repeatedly denied wrongdoing.

As a reminder, trying a President in Brazil is not an easy feat:

Step One - Supreme Court

The prosecutor’s case is delivered to the Supreme Court which notifies the speaker of the lower house of Congress, Rodrigo Maia.

 

Step Two - House Speaker
Maia must formally notify Temer of the charges against him. From that moment on, the president’s lawyers have ten lower house sessions to present their defense. At the same time, Maia sends the paperwork to the Chamber’s Constitution and Justice Committee, which must then appoint a sponsor for the case.

 

Step Three - Constitution and Justice Committee, or CCJ
After Temer presents his defense, the committee has five sessions to discuss the charges. The sponsor then presents a final report with his recommendation on the case that the whole 66-member committee must vote on.

 

Step Four - Plenary
Regardless of the outcome of the committee hearing, the report goes to a vote in a plenary session of the lower house. The report can be read the very next day after the hearing or on a date of the speaker’s choosing.
At least two-thirds of lawmakers, or 342 legislators, need to agree for a trial to go ahead at the Supreme Court.
Each lawmaker must cast his or her vote aloud via microphone.

 

Step Five - Supreme Court
If approved by the lower house, a trial will take place at the Supreme Court. Temer would be obliged to stand down as president for 180 days while the court case goes ahead. If the trial lasts for longer than that, Temer would return to office while the case continues.
If convicted, Temer would be stripped of office and his political rights. He may also be imprisoned.
The house speaker would become president for 30 days before Congress votes for a new head of state via an indirect election.

Contacted by Bloomberg, Presidential Palace wasn’t immediately available to comment.

For now, no markets are open to see if this is affecting anything for now, we will be monitoring the IBOVESPA funds in Japan once they open for any reaction.

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Kaiser Sousa's picture

this should be bullish for Catapillar...

Creepy_Azz_Crackaah's picture

No doubt the run was great while it lasted.  It even got him a 32 year younger, hot, wife.  Billy Bob Clinton is jealous.

And now she's still got a fair number of hot years ahead of her.

playit's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.jobproplan.com

HowdyDoody's picture

Fairly typical. The US-sponsored regime change artists allege the anti-US incimbent is corrupt, leading to regime change. The replacement pro-US incumbent actually is corrupt on a massive scale (Ukraine redux).

gregga777's picture

Regime Change: it's why we have the NSA. How else do you think all of those conversations got recorded?

Cordeezy's picture

Who runs the country while this is going on?

www.escapeamazon.com/read-this

wulf's picture

Interesting... the same Brazilian media that toppled the former president is suddently mad about this new one.

Coincidently, he just came from Russia where he had agreements with his new pal president Putin:

http://radiovox.org/wp-content/uploads/2016/10/uploads_1441577015770-tem...

HowdyDoody's picture

BRICS has been there a while. Dilma would have done the same. The whole US-sponsored regime change is aimed at breaking that.

soulcalibur's picture

Damn they habigger balls than US. We can't even go after Hilary 

jmack's picture

Clinton still not charged......   Let that sink in.  America is more corrupt than a south american country. 

WTFUD's picture

America's a large number of failed states rolled into a banana republic.

venturen's picture

Socialist....criminals....who knew....when are we arresting Obama and crew?

Vlad the Inhaler's picture

Should be good for a couple of points up on the spoos.

pizdowitz's picture

Looks like the Russkies are getting Brazil back - "asymmetric response" in action.

Those who do not like it, should nevertheless draw a lesson here.

Argentina and Afghanistan next?

 

bluskyes's picture

Imprisoned... Thats a good one.

Berspankme's picture

The kenyan was more corrupt than these guys just taking simple bribes. This guy needed to get the media on his side like they slobber over the kenyan

Peelingtheonion's picture

PTI,

STFU...are you a SME (Subject Matter Expert)...my bet is that you are just another "fat ass Joe", with a keyboard and a dial-up connection... 

Yars Revenge's picture

Less than 2% of all "donations" to the Clinton Foundation went towards charity.

When are the Clintons going to be charged with corruption?

uhland62's picture

Isn't that fraud, more than corruption? (unless it is charity to throw money the Clintons'way)

Peelingtheonion's picture

PTI,

At least the Brazilians had balls enough to charge their Con-in-Chief...the dung beetles in congress and in the trump white house can't and won't say a thing...as they're complict in the very same scam...."take everything that's not nailed down, and get those if you can"...   

uhland62's picture

The recently deceased former German Chancellor Helmut Kohl was never charged. Corruption is not a victimless crime and I was one of his victims who missed out. 

Brazil more honest than Germany. 

Parafuso's picture

Salve Rodrigo Janot!

Too-Big-to-Bail's picture

Live by the coup d'etat, die by the coup d'etat

smacker's picture

"President Michel Temer was formally charged with corruption by Prosecutor-General Rodrigo Janot."

Hallelujah! Not before time. Temer is no less corrupt than Rousseff and Lula.

I hope Prosecutor-General Rodrigo Janot has good bodyguards.

The only people who come out of these alleged huge financial corruption scandals involving Petrobrás and JBS with their credibility intact are the Brazilian Federal Police for apparent tenacity in holding criminal political elites and corporate chieftans to account. They are largely the consequence of Brazil being a corporatist economic nation where socialist elites are stealing all the money etc.

The irony is that IF Temer is taken to trial, found guilty and thrown out (it's not certain at this point), the person most likely to get voted back in is Lula, the ex-communist ex-president so popular among millions of Brazilians who make up the unemployed, FSA and state-employed apparatchiks.

 

gregga777's picture

Brazil's law enforcement really puts the USA's to shame. Brazil actually investigates political corruption, prosecutes the offenders and removes them from office! Even when it's their President! I'd gladly trade the USA's political secret police agency for Brazil's any day of the week and twice on Sundays. In comparison to Brazil's police agency, the FBi (Feral Bureau of iWeasels), are a bunch of mealy mouthed, whiny weasels perfectly exemplified by that weasley, girly girl, whiny, sniveling ex-Director James "Hillary's Bitch" Comey.