IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.30% USD/MXN17.39▼ 0.23% USD/CLP934.31▼ 0.02% USD/COP3,239▼ 0.92% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.34% 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▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.12% BRENT 91.09 ▲ 2.10% WTI 84.33 ▲ 1.32% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.14% GOLD 4,079 ▲ 1.72% SILVER 59.34 ▲ 4.47% SOY 1,222 ▼ 0.31% CORN 474.75 ▲ 5.62% WHEAT 673.00 ▼ 0.15% COFFEE 322.30 ▼ 3.62% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.00 ▼ 1.56% CATTLE 344.73 ▼ 2.07% LITHIUM 69.30 ▲ 3.56% PETR4 41.51 ▲ 0.87% VALE3 72.43 ▲ 0.70% ITUB4 42.44 ▲ 0.33% BBDC4 18.48 ▲ 0.38% ABEV3 15.80 ▲ 0.06% BBAS3 20.63 ▲ 2.28% B3SA3 15.03 ▼ 1.51% WEGE3 42.79 ▼ 0.79% PRIO3 58.49 ▲ 1.39% SUZB3 41.91 ▲ 0.05% RENT3 36.74 ▼ 2.00% AZZA3 17.86 ▼ 1.71% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.37 ▼ 1.53% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.64 ▲ 0.52% NATU3 8.70 ▲ 0.81% BRKM5 5.92 ▼ 0.34% RANI3 7.87 ▼ 1.50% CSNA3 5.12 ▲ 0.99% CMIN3 5.47 ▲ 1.48% USIM5 8.31 ▲ 1.84% GGBR4 23.67 ▲ 0.21% ENEV3 25.32 ▼ 1.29% CPFE3 46.27 ▼ 0.11% CMIG4 11.00 ▼ 0.18% EQTL3 38.42 ▼ 2.21% LREN3 13.24 ▼ 0.53% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.39 ▼ 5.81% HAPV3 11.33 ▼ 1.90% FLRY3 16.38 ▼ 1.09% SMTO3 15.43 ▲ 0.13% UGPA3 31.48 ▼ 0.69% VBBR3 33.48 ▼ 1.85% BBSE3 41.06 ▲ 0.02% BPAC11 55.43 ▼ 0.73% CURY3 29.55 ▼ 2.12% AERI3 2.06 ▼ 0.48% VIVARA 21.42 ▼ 2.46% COMPASS 24.32 ▼ 1.14% VAMOS 3.12 ▲ 0.97% SANB11 27.44 ▲ 1.59% ASAI3 8.20 ▲ 0.74% SBSP3 28.47 ▼ 1.76% WALMEX 49.40 ▲ 0.04% GMEXICO 207.00 ▲ 3.07% FEMSA 227.87 ▲ 0.40% CEMEX 22.00 ▲ 0.55% GFNORTE 184.81 ▲ 2.67% BIMBO 59.30 ▼ 0.34% TELEVISA 9.81 ▲ 1.03% AMX 22.71 ▼ 0.13% GAP 378.20 ▲ 0.00% ASUR 273.45 ▼ 0.34% OMA 225.46 ▼ 0.43% KOF 181.36 ▲ 0.30% GRUMA 286.64 ▼ 0.33% KIMBER 38.11 ▼ 0.73% SQM-B 64,780 ▲ 2.63% COPEC 6,370 ▲ 2.74% BSANTANDER 78.98 ▲ 3.80% FALABELLA 5,884 ▲ 0.15% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,021 ▲ 1.29% CMPC 1,079 ▲ 1.21% BANCO CHILE 189.81 ▲ 1.78% LATAM AIR 24.48 ▲ 0.29% YPF 80,575 ▲ 1.74% GGAL 7,970 ▲ 1.59% PAMPA 5,455 ▲ 3.51% TXAR 667.00 ▼ 0.52% ALUAR 966.50 ▲ 0.73% TGS 9,615 ▲ 1.21% CEPU 2,332 ▲ 1.88% MIRGOR 16,850 ▼ 1.61% COME 43.17 ▲ 0.51% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.75 — 0.00% TELECOM ARG 4,188 ▲ 1.03% ECOPETROL 16.60 ▲ 3.56% BANCOLOMBIA 82.65 ▲ 2.26% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.54 ▲ 1.99% SOUTHERN COPPER 185.03 ▲ 5.69% BUENAVENTURA 31.24 ▲ 3.93% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.27 ▲ 1.97% XP 16.65 ▼ 0.92% PAGSEGURO 9.49 ▲ 2.10% STONE 11.19 ▲ 0.63% GLOBANT 32.09 ▼ 0.62% TECNOGLASS 45.71 ▼ 0.88% GAP AIRPORT 217.11 ▼ 0.00% ASUR 273.45 ▼ 0.34% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.11% FEMSA ADR 131.10 ▲ 0.84% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.41 ▲ 1.21% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.60% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.64 ▲ 1.74% BTC 66,598 ▲ 2.10% ETH 1,926 ▲ 1.17% SOL 78.13 ▲ 0.43% XRP 1.15 ▲ 3.38% BNB 574.43 ▲ 0.65% ADA 0.17 ▲ 2.01% DOGE 0.07 ▲ 1.72% AVAX 6.63 ▲ 0.82% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.37% LTC 47.61 ▲ 0.58% BCH 225.31 ▲ 2.46% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 1.85% ATOM 1.49 ▼ 0.14% AAVE 95.75 ▲ 6.66% SELIC 14.25% EMBRAER 83.34 ▲ 0.06% EMBRAER ADR 65.65 ▼ 0.43% JBS 11.85 ▼ 1.54% JBS BDR 60.00 ▼ 1.30% MBRF3 15.21 ▲ 4.75% MBRFY 2.99 ▲ 2.75% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.46% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.99▲ 0.30% USD/CNY6.76▼ 0.18% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.50% SPX 7,511 ▲ 0.91% DJI 52,320 ▲ 0.93% NDX 29,143 ▲ 1.88% RUT 2,977 ▲ 1.17% TSX 35,316 ▲ 1.02% VIX 17.14 ▼ 8.10% USD/CAD1.41▲ 0.24% US10Y 4.6260 ▲ 0.61% IBOV 172,812.43 ▼ 0.32% IPSA 10,957.23 ▲ 0.55% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.30% USD/MXN 17.39 ▼ 0.23% USD/CLP 934.31 ▼ 0.02% USD/COP 3,239 ▼ 0.92% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.12% BRENT 91.09 ▲ 2.10% WTI 84.33 ▲ 1.32% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.14% GOLD 4,079 ▲ 1.72% SILVER 59.34 ▲ 4.47% SOY 1,222 ▼ 0.31% CORN 474.75 ▲ 5.62% WHEAT 673.00 ▼ 0.15% COFFEE 322.30 ▼ 3.62% SUGAR 14.94 ▲ 0.81% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,590 ▲ 1.27% BEEF 223.00 ▼ 1.56% CATTLE 344.73 ▼ 2.07% LITHIUM 69.30 ▲ 3.56% PETR4 41.51 ▲ 0.87% VALE3 72.43 ▲ 0.70% ITUB4 42.44 ▲ 0.33% BBDC4 18.48 ▲ 0.38% ABEV3 15.80 ▲ 0.06% BBAS3 20.63 ▲ 2.28% B3SA3 15.03 ▼ 1.51% WEGE3 42.79 ▼ 0.79% PRIO3 58.49 ▲ 1.39% SUZB3 41.91 ▲ 0.05% RENT3 36.74 ▼ 2.00% AZZA3 17.86 ▼ 1.71% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.37 ▼ 1.53% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.64 ▲ 0.52% NATU3 8.70 ▲ 0.81% BRKM5 5.92 ▼ 0.34% RANI3 7.87 ▼ 1.50% CSNA3 5.12 ▲ 0.99% CMIN3 5.47 ▲ 1.48% USIM5 8.31 ▲ 1.84% GGBR4 23.67 ▲ 0.21% ENEV3 25.32 ▼ 1.29% CPFE3 46.27 ▼ 0.11% CMIG4 11.00 ▼ 0.18% EQTL3 38.42 ▼ 2.21% LREN3 13.24 ▼ 0.53% VIVT3 35.48 ▼ 0.53% RAIL3 13.28 ▼ 2.14% KLABIN 17.50 ▲ 0.11% RAIA DROGASIL 18.50 ▼ 1.02% RDOR3 33.39 ▼ 5.81% HAPV3 11.33 ▼ 1.90% FLRY3 16.38 ▼ 1.09% SMTO3 15.43 ▲ 0.13% UGPA3 31.48 ▼ 0.69% VBBR3 33.48 ▼ 1.85% BBSE3 41.06 ▲ 0.02% BPAC11 55.43 ▼ 0.73% CURY3 29.55 ▼ 2.12% AERI3 2.06 ▼ 0.48% VIVARA 21.42 ▼ 2.46% COMPASS 24.32 ▼ 1.14% VAMOS 3.12 ▲ 0.97% SANB11 27.44 ▲ 1.59% ASAI3 8.20 ▲ 0.74% SBSP3 28.47 ▼ 1.76% WALMEX 49.40 ▲ 0.04% GMEXICO 207.00 ▲ 3.07% FEMSA 227.87 ▲ 0.40% CEMEX 22.00 ▲ 0.55% GFNORTE 184.81 ▲ 2.67% BIMBO 59.30 ▼ 0.34% TELEVISA 9.81 ▲ 1.03% AMX 22.71 ▼ 0.13% GAP 378.20 ▲ 0.00% ASUR 273.45 ▼ 0.34% OMA 225.46 ▼ 0.43% KOF 181.36 ▲ 0.30% GRUMA 286.64 ▼ 0.33% KIMBER 38.11 ▼ 0.73% SQM-B 64,780 ▲ 2.63% COPEC 6,370 ▲ 2.74% BSANTANDER 78.98 ▲ 3.80% FALABELLA 5,884 ▲ 0.15% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,021 ▲ 1.29% CMPC 1,079 ▲ 1.21% BANCO CHILE 189.81 ▲ 1.78% LATAM AIR 24.48 ▲ 0.29% YPF 80,575 ▲ 1.74% GGAL 7,970 ▲ 1.59% PAMPA 5,455 ▲ 3.51% TXAR 667.00 ▼ 0.52% ALUAR 966.50 ▲ 0.73% TGS 9,615 ▲ 1.21% CEPU 2,332 ▲ 1.88% MIRGOR 16,850 ▼ 1.61% COME 43.17 ▲ 0.51% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.75 — 0.00% TELECOM ARG 4,188 ▲ 1.03% ECOPETROL 16.60 ▲ 3.56% BANCOLOMBIA 82.65 ▲ 2.26% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.54 ▲ 1.99% SOUTHERN COPPER 185.03 ▲ 5.69% BUENAVENTURA 31.24 ▲ 3.93% MERCADOLIBRE 1,807 ▼ 1.38% NUBANK 14.27 ▲ 1.97% XP 16.65 ▼ 0.92% PAGSEGURO 9.49 ▲ 2.10% STONE 11.19 ▲ 0.63% GLOBANT 32.09 ▼ 0.62% TECNOGLASS 45.71 ▼ 0.88% GAP AIRPORT 217.11 ▼ 0.00% ASUR 273.45 ▼ 0.34% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.11% FEMSA ADR 131.10 ▲ 0.84% CEMEX ADR 12.67 ▲ 1.40% PETROBRAS ADR 18.41 ▲ 1.21% VALE ADR 14.25 ▲ 1.03% ITAU ADR 8.37 ▲ 0.60% SANTANDER BR 5.43 ▲ 1.02% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.64 ▲ 1.74% BTC 66,598 ▲ 2.10% ETH 1,926 ▲ 1.17% SOL 78.13 ▲ 0.43% XRP 1.15 ▲ 3.38% BNB 574.43 ▲ 0.65% ADA 0.17 ▲ 2.01% DOGE 0.07 ▲ 1.72% AVAX 6.63 ▲ 0.82% LINK 8.68 ▲ 1.07% DOT 0.85 ▲ 3.37% LTC 47.61 ▲ 0.58% BCH 225.31 ▲ 2.46% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.74% NEAR 1.94 ▼ 1.85% ATOM 1.49 ▼ 0.14% AAVE 95.75 ▲ 6.66% SELIC 14.25% EMBRAER 83.34 ▲ 0.06% EMBRAER ADR 65.65 ▼ 0.43% JBS 11.85 ▼ 1.54% JBS BDR 60.00 ▼ 1.30% MBRF3 15.21 ▲ 4.75% MBRFY 2.99 ▲ 2.75% INTER 5.54 ▼ 1.42% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.26% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7550 ▼ 0.04% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1412 ▼ 0.02% GBP/USD 1.3373 ▼ 0.39% SPX 7,511 ▲ 0.91% DJI 52,320 ▲ 0.93% NDX 29,143 ▲ 1.88% RUT 2,977 ▲ 1.17% TSX 35,316 ▲ 1.02% VIX 17.14 ▼ 8.10% USD/CAD 1.4098 ▲ 0.14% US10Y 4.6260 ▲ 0.61%
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From Scandal to Comeback: Brazil’s Political Phoenixes Rise from the Ashes of Lava Jato

By · May 24, 2024 · 2 min read

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A decade has passed since Operation Car Wash (Lava Jato), Brazil’s landmark crackdown on corruption, began shaking the political landscape.

The operation led to the conviction of numerous high-profile figures, recovering approximately 4.3 billion reais ($830 million) for public coffers.

Now, following the Supreme Court’s controversial reversals of key decisions, some figures are actively planning their public return.

Prominent individuals like Sérgio Cabral, Eduardo Cunha, and Beto Richa, having had their convictions overturned, are now eyeing political comebacks.

The saga illustrates not just legal battles but a quest for political redemption.

From Scandal to Comeback: Brazil’s Political Phoenixes Rise from the Ashes of Lava Jato. (Photo Internet reproduction)
From Scandal to Comeback: Brazil’s Political Phoenixes Rise from the Ashes of Lava Jato. (Photo Internet reproduction)
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Sérgio Cabral, once Governor of Rio de Janeiro, now awaits the resolution of his appeals while under house arrest.

After several of his sentences, summing up to 40 years, were annulled, he now works as a political consultant.

His aspirations to become a federal deputy hinge on his legal outcomes.

Eduardo Cunha, former President of the Chamber of Deputies, had a key conviction overturned due to procedural flaws.

His political maneuvering continues as he secures roles for his allies in municipal roles, undeterred by his past.

José Dirceu, former Cabinet Minister, is another figure rejuvenated by the courts’ recent decisions.

Cleared of charges by the Supreme Federal Court, Dirceu, now 78, is aiming for a seat in the Chamber of Deputies, embracing his tumultuous past as part of his narrative.

Marcelo Odebrecht, previously embroiled in the Petrobras scandal, stays away from business after his sentences were nullified.

His focus now is beyond corporate life, having completed his community service as part of a plea agreement.

Beto Richa, also seeking redemption, considers running for mayor of Curitiba, possibly under a new party.

From Scandal to Comeback: Brazil’s Political Phoenixes Rise from the Ashes of Lava Jato

Despite ongoing legal issues related to highway concession kickbacks, he remains a political contender.

These stories illustrate the winding path of Brazilian justice, showcasing resilience and possible redemption throughout Operation Lava Jato.

They highlight the operation’s transformative influence up until its abrupt conclusion, when it was declared null and void.

This operation has not only reshaped Brazil’s judicial landscape but also fueled growing indifference and distrust towards the integrity of the country’s highest judges.

A legacy that could prove costly for the nation.

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