IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 52,306.77 ▼ 0.36% USD/BRL 5.06 ▼ 0.64% USD/MXN 17.21 ▼ 0.25% USD/CLP 898.70 ▼ 0.40% USD/COP 3,454 ▼ 2.93% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.75% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 ▼ 1.39% VALE3 79.17 ▲ 0.47% ITUB4 40.60 ▲ 0.25% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 ▲ 0.61% PRIO3 61.34 ▼ 1.14% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 ▲ 6.16% GMAT3 3.96 ▼ 3.88% PSSA3 50.49 ▲ 1.98% CVCB3 1.39 ▲ 5.30% POSI3 3.64 ▲ 3.12% SLCE3 14.25 ▼ 2.93% NATU3 8.56 ▲ 0.59% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 ▲ 0.25% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 ▼ 0.07% VIVT3 33.53 ▼ 0.97% RAIL3 13.36 ▼ 0.96% KLABIN 16.88 ▲ 0.60% RAIA DROGASIL 17.46 ▼ 0.91% RDOR3 34.08 ▲ 0.12% HAPV3 11.40 ▼ 1.64% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 ▼ 2.29% UGPA3 24.80 ▼ 0.72% VBBR3 29.15 ▼ 1.29% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 ▲ 0.57% COMPASS 25.29 ▲ 0.12% VAMOS 3.03 ▲ 3.06% SANB11 27.13 ▼ 0.15% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 ▼ 1.11% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 63,758 ▲ 0.34% ETH 1,673 ▲ 0.49% SOL 67.32 ▲ 0.86% XRP 1.14 ▲ 0.88% BNB 603.00 ▼ 0.08% ADA 0.17 ▲ 1.57% DOGE 0.09 ▲ 1.37% AVAX 6.65 ▲ 1.30% LINK 7.95 ▲ 1.19% DOT 0.98 ▲ 2.68% LTC 43.65 ▲ 1.40% BCH 207.44 ▲ 2.69% TRX 0.32 ▲ 0.34% XLM 0.19 ▲ 1.28% HBAR 0.08 ▲ 0.34% NEAR 2.03 ▲ 0.84% ATOM 1.99 ▲ 0.65% AAVE 66.56 ▲ 3.75% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 ▲ 1.58% MBRF3 15.99 ▼ 0.06% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 50,819 ▼ 0.85% USD/ZAR 16.28 ▲ 0.19% USD/NGN 1,360 ▲ 0.01% NIKKEI 66,020 ▲ 2.81% CSI300 4,777 ▲ 1.16% HSI 24,718 ▲ 1.93% NIFTY 23,623 ▲ 1.99% KOSPI 8,124 ▲ 4.63% JCI 6,008 ▲ 2.07% USD/JPY 160.19 ▲ 0.17% USD/CNY 6.7621 ▼ 0.19% DAX 24,635 ▲ 1.76% CAC 8,351 ▲ 1.83% FTSE 10,472 ▲ 1.63% MIB 51,497 ▲ 1.97% IBEX 18,764 ▲ 2.59% STOXX 633.21 ▲ 1.88% EUR/USD 1.1573 ▼ 0.08% GBP/USD 1.3407 ▼ 0.11% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 17.68 ▼ 9.05% USD/CAD 1.3989 ▲ 0.21% US10Y 4.4870 ▲ 0.54% IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 52,306.77 ▼ 0.36% USD/BRL 5.06 ▼ 0.64% USD/MXN 17.21 ▼ 0.25% USD/CLP 898.70 ▼ 0.40% USD/COP 3,454 ▼ 2.93% USD/PEN 3.40 ▼ 0.01% USD/ARS 1,429 ▼ 0.28% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.75% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.59 ▲ 0.65% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 ▼ 1.39% VALE3 79.17 ▲ 0.47% ITUB4 40.60 ▲ 0.25% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 ▲ 0.61% PRIO3 61.34 ▼ 1.14% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 ▲ 6.16% GMAT3 3.96 ▼ 3.88% PSSA3 50.49 ▲ 1.98% CVCB3 1.39 ▲ 5.30% POSI3 3.64 ▲ 3.12% SLCE3 14.25 ▼ 2.93% NATU3 8.56 ▲ 0.59% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 ▲ 0.25% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 ▼ 0.07% VIVT3 33.53 ▼ 0.97% RAIL3 13.36 ▼ 0.96% KLABIN 16.88 ▲ 0.60% RAIA DROGASIL 17.46 ▼ 0.91% RDOR3 34.08 ▲ 0.12% HAPV3 11.40 ▼ 1.64% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 ▼ 2.29% UGPA3 24.80 ▼ 0.72% VBBR3 29.15 ▼ 1.29% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 ▲ 0.57% COMPASS 25.29 ▲ 0.12% VAMOS 3.03 ▲ 3.06% SANB11 27.13 ▼ 0.15% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 ▼ 1.11% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 63,758 ▲ 0.34% ETH 1,673 ▲ 0.49% SOL 67.32 ▲ 0.86% XRP 1.14 ▲ 0.88% BNB 603.00 ▼ 0.08% ADA 0.17 ▲ 1.57% DOGE 0.09 ▲ 1.37% AVAX 6.65 ▲ 1.30% LINK 7.95 ▲ 1.19% DOT 0.98 ▲ 2.68% LTC 43.65 ▲ 1.40% BCH 207.44 ▲ 2.69% TRX 0.32 ▲ 0.34% XLM 0.19 ▲ 1.28% HBAR 0.08 ▲ 0.34% NEAR 2.03 ▲ 0.84% ATOM 1.99 ▲ 0.65% AAVE 66.56 ▲ 3.75% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 ▲ 1.58% MBRF3 15.99 ▼ 0.06% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05% EGX 50,819 ▼ 0.85% USD/ZAR 16.28 ▲ 0.19% USD/NGN 1,360 ▲ 0.01% NIKKEI 66,020 ▲ 2.81% CSI300 4,777 ▲ 1.16% HSI 24,718 ▲ 1.93% NIFTY 23,623 ▲ 1.99% KOSPI 8,124 ▲ 4.63% JCI 6,008 ▲ 2.07% USD/JPY 160.19 ▲ 0.17% USD/CNY 6.7621 ▼ 0.19% DAX 24,635 ▲ 1.76% CAC 8,351 ▲ 1.83% FTSE 10,472 ▲ 1.63% MIB 51,497 ▲ 1.97% IBEX 18,764 ▲ 2.59% STOXX 633.21 ▲ 1.88% EUR/USD 1.1573 ▼ 0.08% GBP/USD 1.3407 ▼ 0.11% SPX 7,431 ▲ 0.50% DJI 51,202 ▲ 0.70% NDX 29,636 ▲ 0.64% RUT 2,944 ▲ 0.79% TSX 34,938 ▲ 0.77% VIX 17.68 ▼ 9.05% USD/CAD 1.3989 ▲ 0.21% US10Y 4.4870 ▲ 0.54%
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Saturday, June 13, 2026

Analysis Brazil

Bolsonaro’s Coup Case: A Nation Divided, a Witness in Question

By · February 20, 2025 · 3 min read

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(Analysis) Brazil’s Supreme Federal Court has thrust ex-President Jair Bolsonaro into a legal and political firestorm by lifting the secrecy on Mauro Cid’s plea bargain testimony.

Cid, once Bolsonaro’s trusted aide-de-camp, has accused him of orchestrating a daring conspiracy to overturn the 2022 election results, which saw Luiz Inácio Lula da Silva return to the presidency.

Alongside this explosive narrative, prosecutors have charged Bolsonaro and 33 of his allies with five serious crimes, including attempting to violently dismantle Brazil’s democratic system—a case that could land Bolsonaro a 43-year prison sentence if the Supreme Court accepts it.

The Allegations and Cid’s Testimony

At the heart of this saga is Mauro Cid, whose plea bargain lays out a chilling account of secret meetings and ambitious plots. According to Cid, Bolsonaro convened with military leaders to explore intervention options, even presenting a draft plan to reverse his electoral loss.

Cid alleges that Bolsonaro’s schemes were fueled by desperation, claiming the ex-president amassed 17.1 million reais ($3 million) through Pix donations from supporters while Cid himself “lost everything” and watched his career disintegrate.

Bolsonaro’s Coup Case: A Nation Divided, a Witness in Question
Bolsonaro’s Coup Case: A Nation Divided, a Witness in Question. (Photo Internet reproduction)
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Despite denying any judicial coercion, Cid insists his revelations stem from personal frustration rather than external pressure. Bolsonaro’s defense, however, dismisses the testimony as “fantastical,” expressing confidence that the judiciary will reject the charges.

A Witness Under Scrutiny

Cid’s credibility has become a lightning rod in this unfolding drama. Leaked audio recordings have surfaced, capturing him accusing Brazil’s Federal Police of pressuring him to fabricate evidence against Bolsonaro, suggesting they urged him to “speak what would corroborate what was already prepared.”

Reports also highlight inconsistencies in his narrative, with critics pointing to shifting details as evidence of unreliability. These developments have fueled speculation that his testimony might be tainted by coercion rather than rooted in truth.

Yet, the Supreme Court’s decision to uphold Cid’s plea bargain suggests at least some trust in his account. Prosecutors have hinted at additional evidence—possibly documents or witness statements—to bolster Cid’s claims, though they’ve kept details under wraps.

Given Cid’s close proximity to Bolsonaro during his presidency, his accusations carry a certain weight: who else would have such intimate knowledge of the ex-president’s intentions?

The International Dimension

The case has spilled onto the global stage, drawing attention from unexpected quarters. Donald Trump’s media company, in partnership with Rumble, has filed a lawsuit in a U.S. court against Justice Alexandre de Moraes, a key figure in Brazil’s judiciary.

The suit alleges that Moraes overstepped by targeting a blogger’s account, framing it as an affront to U.S. sovereignty. Covered by The New York Times, this move underscores Trump’s vocal support for Bolsonaro, elevating the case’s international profile and highlighting the ideological alliances at play.

Mauro Cid. (Photo Internet reproduction)
Mauro Cid. (Photo Internet reproduction)

Political Ripples and the Amnesty Debate

Domestically, the stakes couldn’t be higher. A survey by Ranking dos Políticos reveals a deeply divided Congress on the issue of amnesty for the January 8 rioters—participants in the violent unrest following Bolsonaro’s election loss.

Half of Brazil’s deputies (50%) and 46.2% of senators favor amnesty, a cause Bolsonaro champions as he seeks to regain eligibility for the 2026 election despite his current political ban.

This split mirrors the broader polarization in Brazilian society, where the resolution of this case could redefine the nation’s political landscape. A conviction could end Bolsonaro’s career, while an acquittal—or amnesty—might pave the way for his resurgence.

A Democracy at a Crossroads

As the Supreme Court deliberates, Brazil stands on edge, awaiting a verdict that could either imprison a former president or reignite his ambitions. Mauro Cid remains the linchpin—an enigmatic figure whose testimony could unveil a thwarted coup or unravel under the weight of its own contradictions.

The nation watches closely, aware that the outcome will reverberate far beyond the courtroom, testing the strength and resilience of its democracy in unprecedented ways.

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