IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.04% USD/MXN17.42▲ 0.03% USD/CLP934.18▼ 0.16% USD/COP3,220▼ 1.11% USD/PEN3.40▲ 0.07% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▼ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.55% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.63% BRENT 84.44 ▼ 7.22% WTI 88.02 ▲ 3.66% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.05% GOLD 4,121 ▲ 1.22% SILVER 59.67 ▲ 1.42% SOY 1,225 ▲ 0.47% CORN 479.25 ▲ 5.85% WHEAT 686.75 ▲ 1.29% COFFEE 320.90 ▼ 3.33% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.15 ▲ 1.51% COCOA 5,446 ▼ 2.87% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.37 ▲ 0.61% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% 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1.22% SILVER 59.67 ▲ 1.42% SOY 1,225 ▲ 0.47% CORN 479.25 ▲ 5.85% WHEAT 686.75 ▲ 1.29% COFFEE 320.90 ▼ 3.33% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.15 ▲ 1.51% COCOA 5,446 ▼ 2.87% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.37 ▲ 0.61% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.80% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 ▲ 4.03% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.66% CMPC 1,084 ▲ 1.67% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.86% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,901 ▼ 0.91% ETH 1,923 ▼ 0.26% SOL 77.44 ▼ 0.86% XRP 1.13 ▼ 0.65% BNB 571.14 ▼ 0.43% ADA 0.17 — 0.00% DOGE 0.07 ▼ 1.03% AVAX 6.51 ▼ 0.78% LINK 8.61 ▼ 0.42% DOT 0.84 ▼ 1.04% LTC 46.52 ▼ 0.63% BCH 221.62 ▼ 0.93% TRX 0.33 ▲ 0.10% XLM 0.19 ▼ 1.21% HBAR 0.07 ▲ 1.90% NEAR 1.88 ▼ 2.69% ATOM 1.46 ▼ 1.42% AAVE 95.45 ▼ 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Brazil In-Depth - Brazil

Statute of Limitations Bars Sentencing of Church Founder Macedo

By · October 20, 2019 · 4 min read

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SÃO PAULO, BRAZIL – After eight years of judicial delays, the statutory limitations period has expired, and Bishop Edir Macedo, leader of the Universal Church of the Kingdom of God, can no longer be sentenced for charges brought against him. Macedo, leader of one of the largest religions in Brazil is also closely linked to current Brazilian President, Jair Bolsonaro.

Brazil,The Templo de Salomão in São Paulo, is the global headquarters of the Universal Church of the Kingdom of God.
The Templo de Salomão in São Paulo, is the global headquarters of the Universal Church of the Kingdom of God, photo by Rafael Neddermeyer/ Fotos Públicas
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Bishop Macedo was charged with money laundering, evasion of currency, criminal association, and misrepresentation.

According to prosecutors the sentences against the religious leader have been waiting to be rendered since 2018, but the judge overseeing the case, Silvia Maria Rocha, continued to postpone her decision, which led to all charges against Macedo being barred by reason of the statute of limitations.

According to Rocha the case had ‘serious problems’ from the outset and the charges against Macedo, ‘remained substantially dehydrated, disfigured’.

“For a number of legal reasons that are not up to me, and which I am unable to discuss at the moment, the prosecution has lost the ‘bulk’ of (the case’s) importance,” said Rocha recently.

If sentenced Macedo, 74, would have benefited from the Penal Code rule that halves the statutory limitations period in which to render sentences for offenders over 70. Money laundering, for example, has a 16-year limitations period, which is reduced to eight years in Macedo’s case.

According to prosecutors, Macedo headed an organization that used offshore companies based in tax havens and foreign bank accounts. During the trial, prosecution provided a history of financial operations conducted by Universal officials since the early 1990s, showing exchange of money sometimes took place at Universal’s temple parking lots and sent to accounts controlled by Universal’s affiliates at five US banks. The money returned to Brazil through offshore loans to Universal-related individuals and used to buy shares in local and national radio and TV stations as well as expensive, luxurious assets.

The Universal Church claimed the accusations were “completely misleading and almost identical to those that gave rise to lawsuits and investigations that have already been tried and found to be not true”.

“Although persecuted and investigated for a long time by judicial authorities, the court itself has recognized the innocence of Bishop Edir Macedo. The Universal Church of the Kingdom of God is convinced that this process will have equal fate,” read a statement placed on the Church’s website during the legal proceedings.

Brazil,Bishop Edir Macedo is not only the founder of the Universal Church but also owns a TV station and a bank.
Bishop Edir Macedo is not only the founder of the Universal Church but also owns a TV station and a bank, photo internet reproduction.

Created on July 9, 1977, by Macedo, The Universal Church of the Kingdom of God, which often goes by the Portuguese acronym, IURD, is one of the largest neo-Pentecostal groups in Brazil.

According to the Brazilian Statistics Institute (IBGE) in 2010 the IURD had over 1.8 million followers in Brazil alone, with 12,000 pastors holding religious services in approximately 6,000 shrines. IURD claims it has over eight million followers in 115 countries around the world.

The church, first housed in a former funeral home in the city of Rio de Janeiro, today has 10,000-seat sanctuary in São Paulo city for its followers called the Templo de Salomão (Solomon’s Temple).

The eighteen-story mega-structure has walls of imported granite and marble and is a precise replica of Solomon’s Temple, in Jerusalem, only four times larger than the original temple. More than five thousand people are said to attend ceremonies there during weekends.

In addition to leading one of the largest religious groups in the country, Macedo is also owner of Brazil’s third largest TV network, Record, and owns 49 percent of a bank, Banco Renner. He has also been linked to the creation of a political party, Republicano. According to a 2015 Forbes ranking, Macedo was one of the richest men in the country with a wealth of over US$1.1 billion.

Macedo was also a strong supporter of the candidacy of Jair Bolsonaro to the Presidency in 2018, and is said to have used his power to help elect Brazil’s first Evangelical president.

Brazil, Bishop Macedo blessing President Jair Bolsonaro in the Templo de Salomão in September of 2019
Bishop Macedo blessing President Jair Bolsonaro in the Templo de Salomão in September of 2019, photo courtesy of Igreja Universal.

Bolsonaro’s victory on a far-right platform was made possible by historic levels of support from Brazil’s over 40 million Evangelicals, a great majority of whom are from the Universal Church.

With the recent internal crisis in Bolsonaro’s PSL party, there have been rumors that the President and his political supporters may switch political parties. One of the possibilities would be the Republicano party, formerly PRB. The party, dubbed a centrist party in Brazil’s political scenario, has no representatives in the first echelon of the Bolsonaro government, but Macedo has appeared in several state ceremonies alongside the President.

In September, 2019, while on a visit to the Temple of Solomon and attending a prayer ceremony, President Bolsonaro received a blessing from Bishop Macedo.

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