Brazil plunged back into a political crisis reminiscent of lastyear's impeachment saga following reports that President MichelTemer was embroiled in an alleged cover-up scheme involving thejailed former speaker of the lower house of Congress.

One of the country's largest newspapers reported Wednesdayevening that a secret recording exists of Temer approving a paymentto Eduardo Cunha, the mastermind behind last year's impeachment offormer president Dilma Rousseff. The tape was submitted to theSupreme Court by two senior executives from meat-packing giant JBSSA as part of a plea bargain deal, in which information is offeredin exchange for reduced sentences, according to O Globo newspaper.The paper provided neither a transcript nor a recording.

The presidential press office vehemently denied the allegations.“President Michel Temer never requested payments to obtain thesilence of ex-deputy Eduardo Cunha,” according to a statement. “Thepresident defends a deep and wide investigation to get to thebottom of the claims put forward in the media.” Both JBS and itsholding company, J&F, declined to comment.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.