IBOV 206,930.67 ▲ 0.02% IPSA 10,968.80 ▼ 0.46% IPC MEX 66,965.15 ▲ 0.33% MERVAL 2,854,566 ▼ 0.51% COLCAP 2,574.25 ▲ 0.15% BVL PERÚ 60,511.74 ▼ 1.95% USD/BRL5.03▲ 0.04% USD/MXN18.48▲ 0.61% USD/CLP985.05▲ 0.26% USD/COP3,178▼ 0.53% USD/PEN3.43▼ 0.12% USD/ARS1,513▼ 0.02% USD/UYU40.20▲ 3.11% USD/PYG5,684▲ 3.29% USD/BOB11.65▲ 1.40% USD/DOP60.88▲ 3.35% USD/CRC449.35▲ 1.80% USD/GTQ7.64▲ 3.11% USD/HNL26.86▲ 3.26% USD/NIO36.62▲ 2.71% USD/VES875.71▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.76% EUR/BRL5.61▲ 0.86% 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 206,930.67 ▲ 0.02% IPSA 10,968.80 ▼ 0.46% IPC MEX 66,965.15 ▲ 0.33% MERVAL 2,854,566 ▼ 0.51% COLCAP 2,574.25 ▲ 0.15% BVL PERÚ 60,511.74 ▼ 1.95% 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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Wednesday, October 14, 2026

Politics - Brazil Rio de Janeiro

Brazil’s Ex-President Lula Attacks Former Ally in New Testimony

By · September 14, 2017 · 2 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Former President Luiz Inacio Lula da Silva went on the attack on Wednesday calling his former finance minister and a key member of his staff, Antonio Palocci, cold and calculating. The former leader gave his second testimony before Judge Sergio Moro, after Palocci confirmed Lula had received benefits from contractors.

Brazil, Brazil news,Former President Lula slams ally during his second testimony in front of Judge Sergio Moro on Wednesday
Former President Lula slams ally during his second testimony in front of Judge Sergio Moro on Wednesday.
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“[Antonio] Palocci is so clever that he is able to simulate a lie truer than truth,” the former leader told the judge. He’s a doctor, he’s calculating, he’s cold. Nothing is true.”

Last week, Palocci told Judge Moro that ex-President Lula had made a ‘blood pact’ with Emilio Odebrecht, the founder of one of the largest construction conglomerates in the country, which included the payment of R$300 million for Lula’s ‘political activities’.

Stating that he was one of the people most interested in uncovering the whole truth, Lula gave his version on why his onetime close ally accused him. “He’s making the accusation because he wants the benefits of the plea-bargaining agreement or maybe some of the money you (prosecutor’s office) have frozen (from Palocci’s accounts),” Lula stated.

The former president responds to charges of passive corruption and money laundering. According to prosecutors, Odebrecht bought land for the construction of a new headquarters for the Lula Institute in exchange of Lula’s influence in the government and in Congress.

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A few hours after Lula’s testimony, Palocci’s attorney, Antonio Bretas, rebutted the former president’s statement. “While Palocci was silent, he was ‘intelligent’ and ‘virtuous’, but after he decided to speak the truth he was seen as a calculating and underhanded,” read the statement.

At the end of his testimony Lula irritated Judge Moro by asking, “Will I be able to look on the faces of my children and say that I came to Curitiba to give testimony to an impartial judge?”

To which Judge Moro, who in July sentenced the former president to over nine years in jail for corruption and money laundering, answered, “I will not discuss the other action with you. My conviction is that you were guilty. If we were to discuss it here, it would not be good for you.”

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