IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.00 ▼ 0.44% USD/MXN 17.28 ▼ 0.52% USD/CLP 887.50 ▼ 0.50% USD/COP 3,574 ▼ 2.85% USD/PEN 3.40 ▲ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.70 ▼ 0.59% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.26% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 155.98 ▼ 0.01% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.82 ▼ 0.78% BRENT 96.77 ▲ 0.80% WTI 94.64 ▲ 0.94% IRON ORE 161.91 — — COPPER 6.65 ▲ 0.06% GOLD 4,509 ▲ 0.44% SILVER 75.09 ▼ 0.30% SOY 1,166 ▲ 0.09% CORN 439.50 ▼ 0.23% WHEAT 600.00 ▼ 0.50% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.32 ▲ 0.99% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 691.00 ▲ 0.36% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,075 ▼ 0.73% COME 49.48 ▼ 1.43% LOMA NEGRA 3,505 ▼ 4.30% BYMA 293.00 ▼ 2.74% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 66,588 ▼ 6.64% ETH 1,851 ▼ 7.60% SOL 74.14 ▼ 8.57% XRP 1.22 ▼ 5.97% BNB 645.96 ▼ 6.67% ADA 0.21 ▼ 8.05% DOGE 0.09 ▼ 8.16% AVAX 8.16 ▼ 8.48% LINK 8.35 ▼ 7.56% DOT 1.08 ▼ 6.62% LTC 47.42 ▼ 6.51% BCH 260.58 ▼ 11.11% TRX 0.33 ▼ 3.17% XLM 0.22 ▼ 8.09% HBAR 0.09 ▼ 6.29% NEAR 2.67 ▲ 1.53% ATOM 1.85 ▼ 2.99% AAVE 73.97 ▼ 7.69% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,927 ▲ 0.14% USD/ZAR 16.24 ▼ 0.04% USD/NGN 1,362 — 0.00% NIKKEI 68,216 ▲ 2.22% CSI300 4,927 ▲ 0.26% HSI 25,786 ▼ 0.97% NIFTY 23,484 ▲ 0.43% KOSPI 8,801 ▲ 0.15% JCI 6,195 ▲ 1.11% USD/JPY 159.86 ▼ 0.02% USD/CNY 6.7657 ▲ 0.06% DAX 25,124 ▲ 0.48% CAC 8,209 ▲ 0.77% FTSE 10,374 ▲ 0.33% MIB 50,579 ▲ 1.61% IBEX 18,272 ▲ 0.48% STOXX 625.34 ▲ 0.66% EUR/USD 1.1633 ▼ 0.02% GBP/USD 1.3467 — 0.00% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 ▼ 1.74% USD/CAD 1.3836 — 0.00% US10Y 4.4550 ▼ 0.45% IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.00 ▼ 0.44% USD/MXN 17.28 ▼ 0.52% USD/CLP 887.50 ▼ 0.50% USD/COP 3,574 ▼ 2.85% USD/PEN 3.40 ▲ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 57.70 ▼ 0.59% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.26% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 155.98 ▼ 0.01% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.82 ▼ 0.78% BRENT 96.77 ▲ 0.80% WTI 94.64 ▲ 0.94% IRON ORE 161.91 — — COPPER 6.65 ▲ 0.06% GOLD 4,509 ▲ 0.44% SILVER 75.09 ▼ 0.30% SOY 1,166 ▲ 0.09% CORN 439.50 ▼ 0.23% WHEAT 600.00 ▼ 0.50% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.32 ▲ 0.99% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 691.00 ▲ 0.36% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,075 ▼ 0.73% COME 49.48 ▼ 1.43% LOMA NEGRA 3,505 ▼ 4.30% BYMA 293.00 ▼ 2.74% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 66,588 ▼ 6.64% ETH 1,851 ▼ 7.60% SOL 74.14 ▼ 8.57% XRP 1.22 ▼ 5.97% BNB 645.96 ▼ 6.67% ADA 0.21 ▼ 8.05% DOGE 0.09 ▼ 8.16% AVAX 8.16 ▼ 8.48% LINK 8.35 ▼ 7.56% DOT 1.08 ▼ 6.62% LTC 47.42 ▼ 6.51% BCH 260.58 ▼ 11.11% TRX 0.33 ▼ 3.17% XLM 0.22 ▼ 8.09% HBAR 0.09 ▼ 6.29% NEAR 2.67 ▲ 1.53% ATOM 1.85 ▼ 2.99% AAVE 73.97 ▼ 7.69% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,927 ▲ 0.14% USD/ZAR 16.24 ▼ 0.04% USD/NGN 1,362 — 0.00% NIKKEI 68,216 ▲ 2.22% CSI300 4,927 ▲ 0.26% HSI 25,786 ▼ 0.97% NIFTY 23,484 ▲ 0.43% KOSPI 8,801 ▲ 0.15% JCI 6,195 ▲ 1.11% USD/JPY 159.86 ▼ 0.02% USD/CNY 6.7657 ▲ 0.06% DAX 25,124 ▲ 0.48% CAC 8,209 ▲ 0.77% FTSE 10,374 ▲ 0.33% MIB 50,579 ▲ 1.61% IBEX 18,272 ▲ 0.48% STOXX 625.34 ▲ 0.66% EUR/USD 1.1633 ▼ 0.02% GBP/USD 1.3467 — 0.00% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 ▼ 1.74% USD/CAD 1.3836 — 0.00% US10Y 4.4550 ▼ 0.45%
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Wednesday, June 3, 2026

Brazil Politics - Brazil

Exporting Impunity: Brazil’s Judiciary Under Fire for Dismantling Operation Car Wash

By · March 6, 2025 · 2 min read

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The Brazilian Supreme Federal Court (STF) has come under intense scrutiny for dismantling Operation Car Wash (Lava Jato), once the largest anti-corruption initiative in Latin America.

Transparency International’s recent denunciation of Brazil at the Organization of American States (OAS) highlights the growing concern over the STF’s role in unraveling years of progress.

The court’s actions, led by Justice Dias Toffoli, have not only undermined domestic accountability but also weakened transnational anti-corruption efforts across the region.

Operation Car Wash exposed a vast bribery network involving Odebrecht (now Novonor) and Petrobras, implicating politicians and business elites in 12 countries. The operation recovered billions of dollars in fines and sent powerful figures to prison.

However, recent STF rulings have reversed key convictions and annulled critical evidence from Odebrecht’s leniency agreement, citing procedural flaws. Toffoli justified his decisions by arguing that illegally obtained evidence cannot sustain convictions, a stance that critics say prioritizes technicalities over justice.

Exporting Impunity: Brazil’s Judiciary Under Fire for Dismantling Operation Car Wash
Exporting Impunity: Brazil’s Judiciary Under Fire for Dismantling Operation Car Wash. (Photo Internet reproduction)

Toffoli’s rulings have had sweeping consequences. Over 100 cases tied to Odebrecht confessions were suspended in Brazil, including convictions of high-profile figures like Marcelo Odebrecht and José Dirceu.

The annulments also impacted investigations in Peru, Argentina, Panama, and other countries that relied on Odebrecht’s plea deal. A suspended fine of R$8.5 billion ($1.4 billion) against Odebrecht remains unresolved, further eroding accountability.

Growing Concerns Over Brazil’s Judiciary and Corruption

The New York Times recently highlighted Toffoli’s controversial background, noting his ties to former President Lula da Silva’s Workers’ Party before his STF appointment. Critics argue that his rulings align with political interests rather than judicial independence.

Transparency International described Brazil as “exporting impunity,” a stark reversal from its earlier role as a leader in exposing corruption. Observers draw parallels between Brazil’s judiciary and Venezuela’s Supreme Court, which often aligns with President Nicolás Maduro’s interests.

Concerns about judicial autonomy are growing as Lula appoints close allies to key positions, including Cristiano Zanin, who played a role in challenging Car Wash evidence. Brazil now faces a historical rewrite of its anti-corruption fight.

Recent STF decisions have shifted public perception, with 47.3% of Brazilians viewing the judiciary as overly controlling. The World Justice Project ranks Brazil 138th globally for rule of law, just above Venezuela.

Critics warn that these developments risk erasing Operation Car Wash’s lessons while emboldening corrupt actors. Transparency International has called for systematic oversight by the Inter-American Commission on Human Rights (IACHR).

This is to address the link between corruption and human rights violations. As Brazil navigates this legal and political crisis, its judiciary must reconcile due process with accountability. This is essential to restore public trust and preserve democratic integrity.

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