Tuesday, June 20, 2017

BRAZIL: BRAZIL HAS ALREADY LOST R$ 123 BILLION WITH CORRUPTION SCAMS

The Federal Police (PF) has launched a truly obscene and monstrous number related to corruption scams in Brazil. It has already lost about R$ 123 billion related to the systematic corruption that is constantly devastating the country. This figure only refers to the values ​​calculated by the FP. This value is based on the 2,057 operations carried out in the last 4 years.
Surprisingly, or not, the “Lava-Jato” operation, despite being the most well known operation linked to corruption scams, is far from being the main responsible for the loss of the most significant values. About half of this amount - R $ 53.8 billion, corresponds to fraud in pension funds (Greenfield operation) - four times the Lava-Jato scam (R $ 13.8 billion).
FP has done its job. Now what has the Attorney General's Office done? And the judicial system?
The sort of organized crime involved is about various types of scams: fraudulent contracts, evasive taxes, financial and cyber crimes, misappropriation and environmental damage. All combined for bribe payments.
Notwithstanding this terrible news, already awaited by Brazilian society, the values ​​recovered in these operations, have increased from year to year. In the same way losses have been avoided, as the FP has redoubled its attention, seeking to "stifle" these criminal organizations.
According to businessman Joesley (owner of JBS - meat  processing company), Lula da Silva and his party, the PT, were responsible for the institutionalization of Corruption. The other main parties have simply reproduced this model of corruption, but the PMDB (President Michel Temer party) is "the most dangerous gang in the country."
Although Joesley was the great political “tsunami” of Brazil, according to the State of São Paulo, after a month there is a surprising calm in the economy. The main goal is to keep the economy as far away as possible from political turmoil.

Miguel Verde - Senior Consultant, Professor of International Relations

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