IBOV 208,991.95 ▲ 1.34% IPSA 11,073.17 ▲ 0.44% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,825,172 ▼ 0.26% COLCAP 2,536.78 ▲ 0.43% BVL PERÚ 59,610.00 ▲ 2.19% USD/BRL4.98▼ 0.84% USD/MXN18.40▲ 1.14% USD/CLP975.00▼ 0.40% USD/COP3,185▼ 1.89% USD/PEN3.43▼ 0.39% USD/ARS1,517— 0.00% USD/UYU40.21▲ 3.49% USD/PYG5,676▲ 0.52% USD/BOB11.77▲ 1.12% USD/DOP61.00▲ 1.33% USD/CRC450.81▲ 1.91% USD/GTQ7.64▲ 3.27% USD/HNL26.86▲ 3.27% USD/NIO36.62▲ 0.31% USD/VES873.46▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.74% EUR/BRL5.58▼ 0.70% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 208,991.95 ▲ 1.34% IPSA 11,073.17 ▲ 0.44% IPC MEX 64,986.91 ▲ 0.52% MERVAL 2,825,172 ▼ 0.26% COLCAP 2,536.78 ▲ 0.43% BVL PERÚ 59,610.00 ▲ 2.19% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Politics - Brazil Rio de Janeiro

Brazil Changes Justice Minister Amidst Political Scandal

By · May 29, 2017 · 2 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Amidst one of the most turbulent moments of his administration, Brazil’s President Michel Temer decided on Sunday to change his Justice Minister, Osmar Serraglio. Serraglio who had been in the post since March, switched positions with Minister of Transparency, Torquato Jardim without explanation.

Brazil, Brasilia,Osmar Serraglio was substituted on Sunday as the country's Justice Minister by President Temer,
Osmar Serraglio was substituted on Sunday as the country’s Justice Minister by President Temer, photo by Marcelo Camargo/Agencia Brasil.
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“The President of the Republic decided, this afternoon, to appoint Professor Torquato Jardim to the Ministry of Justice,” said the press note released on Sunday.

“In announcing the name of the new minister, President Michel Temer expressed his gratitude for the efforts and work carried out by congressional representative Osmar Serraglio at the helm of the ministry, with whose collaboration he intends to count on other activities in favor of Brazil,” concluded the note by the Presidency’s press corps.

Serraglio’s period in the Justice Ministry was marked by controversies, including having his name mentioned in the Carne Fraca (Weak Flesh) investigations earlier this year.

The scandal involved some of the country’s largest meatpacking companies, repackaging tainted meat with new valid dates and bribing health inspectors to report their products as safe. Serraglio has accepted the post of Minister of Transparency.

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The latest move by the Temer Administration is seen by analysts as an attempt by the president to steer attention away from the latest political embroil faced by his administration.

In the beginning of May, President Temer was heard in a recorded conversation with former JBS CEO, Joesely Batista, supporting the businessman’s action of paying off former Chamber of Deputies President, Eduardo Cunha, for his silence.

The recording, part of a plea-bargaining deal made by Batista with Lava Jato (Carwash) investigators, put the administration and congress in a tail-spin, as Batista told investigators of the millions paid to lawmakers and administration officials for benefits for his companies.

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