IBOV 168,749.24 ▲ 1.54% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.11% USD/MXN18.63▼ 0.66% USD/CLP977.45▼ 0.12% USD/COP3,241▲ 0.41% USD/PEN3.42▼ 0.71% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.59▲ 0.48% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.05% BRENT 97.69 ▼ 0.61% WTI 90.28 ▼ 0.27% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.35% GOLD 4,069 ▼ 1.09% SILVER 51.93 ▼ 0.58% SOY 1,188 ▲ 0.55% CORN 441.00 ▲ 0.23% WHEAT 594.00 ▼ 0.88% COFFEE 279.65 ▲ 0.90% SUGAR 18.23 ▼ 1.78% ORANGE JUICE 137.95 ▲ 7.40% COTTON 78.54 ▼ 0.22% COCOA 5,213 ▲ 0.62% BEEF 213.78 ▼ 0.29% CATTLE 317.20 ▼ 2.42% LITHIUM 60.88 ▲ 1.16% PETR4 45.31 ▼ 1.39% VALE3 63.96 ▲ 2.06% ITUB4 40.63 ▲ 1.65% BBDC4 14.10 ▲ 2.40% ABEV3 15.53 ▲ 0.32% BBAS3 17.06 ▲ 3.46% B3SA3 14.48 ▲ 0.84% WEGE3 48.54 ▲ 0.50% PRIO3 60.56 ▼ 1.59% SUZB3 52.85 ▲ 1.07% RENT3 30.43 ▲ 4.68% AZZA3 14.91 ▲ 6.05% CSAN3 2.78 ▲ 11.20% RAIZ4 27.30 ▼ 0.98% PCAR3 2.43 ▲ 1.67% GMAT3 3.91 ▲ 5.39% PSSA3 44.29 ▲ 1.33% CVCB3 0.86 ▲ 4.88% POSI3 3.11 — 0.00% SLCE3 16.58 ▲ 1.41% NATU3 5.44 ▲ 1.68% BRKM5 3.22 ▲ 6.27% RANI3 8.44 ▼ 0.24% CSNA3 4.42 ▲ 9.14% IBOV 168,749.24 ▲ 1.54% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.11% USD/MXN 18.65 ▼ 0.58% USD/CLP 977.40 ▼ 0.12% USD/COP 3,238 ▲ 0.32% USD/PEN 3.42 ▼ 0.70% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.59 ▲ 0.48% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.12 ▼ 0.05% BRENT 97.69 ▼ 0.61% WTI 90.28 ▼ 0.27% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.35% GOLD 4,069 ▼ 1.09% SILVER 51.93 ▼ 0.58% SOY 1,188 ▲ 0.55% CORN 441.00 ▲ 0.23% WHEAT 594.00 ▼ 0.88% COFFEE 279.65 ▲ 0.90% SUGAR 18.23 ▼ 1.78% ORANGE JUICE 137.95 ▲ 7.40% COTTON 78.54 ▼ 0.22% COCOA 5,213 ▲ 0.62% BEEF 213.78 ▼ 0.29% CATTLE 317.20 ▼ 2.42% LITHIUM 60.88 ▲ 1.16% PETR4 45.31 ▼ 1.39% VALE3 63.96 ▲ 2.06% ITUB4 40.63 ▲ 1.65% BBDC4 14.10 ▲ 2.40% ABEV3 15.53 ▲ 0.32% BBAS3 17.06 ▲ 3.46% B3SA3 14.48 ▲ 0.84% WEGE3 48.54 ▲ 0.50% PRIO3 60.56 ▼ 1.59% SUZB3 52.85 ▲ 1.07% RENT3 30.43 ▲ 4.68% AZZA3 14.91 ▲ 6.05% CSAN3 2.78 ▲ 11.20% RAIZ4 27.30 ▼ 0.98% PCAR3 2.43 ▲ 1.67% GMAT3 3.91 ▲ 5.39% PSSA3 44.29 ▲ 1.33% CVCB3 0.86 ▲ 4.88% POSI3 3.11 — 0.00% SLCE3 16.58 ▲ 1.41% NATU3 5.44 ▲ 1.68% BRKM5 3.22 ▲ 6.27% RANI3 8.44 ▼ 0.24% CSNA3 4.42 ▲ 9.14%
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Politics - Brazil Rio de Janeiro

Ethics Committee in Brazil Accepts Process Against Cunha

By · December 16, 2015 · 2 min read

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Ethics Committee in Brazil’s Chamber of Deputies has approved by eleven votes to nine to continue the process against Chamber President, Eduardo Cunha. Cunha is accused of receiving bribes, money-laundering and passive corruption in the Lava-Jato (Carwash) scandal.

Educarod Cunha speaks to reporters in Brasilia, Brazil News, Brazil, Rio de Janeiro
Brazil’s Chamber of Deputies President, Eduardo Cunha, speaks to reporters on Tuesday, photo by Valter Campanato/Agência Brasil.
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According to Committee members one of the factors that led them to approve the process was the fact that during the Special Congressional Investigation (CPI) into Petrobras, Cunha gave a formal statement where he denied ever having foreign bank accounts.

Swiss bank authorities later contested that statement, giving the Brazilian prosecutor’s office proof that Cunha and some members of his family had opened bank accounts in that country.

After the decision, Cunha stated that he would appeal to the Supreme Court and the Chamber’s Constitution and Justice Commission. Asked by reporters if he was considering stepping down, Cunha was blunt, “There is no chance of that happening. None.”

With the approval of the continuation of the process, Cunha now has ten working days to present a defense. After that the Committee’s chairman has forty days to decide whether or not to ask for the impeachment of the Chamber’s President. If the chairman’s decision is for the impeachment, the proceedings will be voted on by the Ethics Council and if passed will go to the Chamber floor.

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On Tuesday, Brazilian federal officials surprised Cunha at his home with a search warrant. Search warrants were issued not only for his official residence in Brasilia, but also his house in Rio de Janeiro and his office in Congress. According to daily O Globo three cellular phones, three laptops and one tablet were retrieved from the residence.

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