Corruption charge is fiction, says Brazil´s president

Corruption charge is fiction, says Brazil´s president

The formal accusation has been brought on by Attorney General Rodrigo Janot, who began investigation into Temer’s financial dealings in May 2016.

Criminal charges against a sitting president have to be approved by two-thirds of the lower house of Congress. The lower house of Congress must now vote on whether to allow the tribunal to try the conservative leader.

Political analysts had warned, long before Monday, that the scandals reduced the chances Temer could push through reforms crucial for Latin America’s biggest economy to rebound from its worst recession on record.

Temer became Brazil’s president a year ago after his predecessor, Dilma Rousseff, was impeached for violating budget laws.

In that scenario, the current House Speaker Rodrigo Maia would assume the presidency. Because Brazil now has no vice president since Temer, previously the vice president, took over from ousted President Dilma Rousseff, it is unclear what would happen in such a situation.

Evidence of collusion between Temer and Batista first surfaced concretely in May when the Brazilian Supreme Court released a tape of an alleged conversation between Temer and Batista, taped by Batista, in which Temer appears to be accepting the suggestion that the two bribe a third party into silence. If the two thirds are not reached, the charge would be suspended until the end of Temer’s term, which is December 31, 2018.

Temer’s alliance confident they can block the trial. The Sao Paulo stock exchange inched lower. Temer is alleged to be heard discussing cash bribes to Eduardo Cunha, the former speaker of the House, who is now in prison over the Petrobras scandal.

Brazil’s Prosecutor General Rodrigo Janot attends a session of the Supreme Court in Brasilia, Brazil, 15 March 2017.

Brazilian President Michel Temer was charged of taking multimillion-dollar bribes by top federal prosecutor, Monday. The prospect of a second Brazilian president being forced out of office in less than a year has unsettled markets and investors.

Brazil’s chief prosecutor has accused country’s President Michel Temer of accepting bribes, reports said. On the document, Janot also points out that Temer contradicted himself twice. He could file those charges at a later date, guaranteeing a sustained legal assault. “I say without fear of being wrong that the accusation is fiction”.

In his first comments since returning from a trip to Russian Federation and Norway, he said earlier on Monday that he had no intention of stepping down.

Key lawmakers in Temer’s alliance told Reuters, on condition of anonymity, they would halt work on proposed labour reforms if forced to vote on charges against the president. His approval rate is just 7%, according to a recent opinion poll.

Janot’s investigation into Temer was looking into corruption, obstruction of justice and being part of a criminal organization.