IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22▲ 0.17% USD/MXN18.15▼ 0.10% USD/CLP989.60— 0.00% USD/COP3,263— 0.00% USD/PEN3.43▼ 0.06% USD/ARS1,524▼ 0.04% USD/UYU40.46▲ 3.63% USD/PYG5,821▲ 3.10% USD/BOB11.93▲ 1.99% USD/DOP59.90▲ 0.84% USD/CRC456.38▲ 2.99% USD/GTQ7.64▲ 3.13% USD/HNL26.86▲ 3.18% USD/NIO36.62— 0.00% USD/VES864.39▼ 0.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▲ 1.65% EUR/BRL5.87▲ 0.03% 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 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% 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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New Minister of Transparency Says Lava Jato Will Help Brazil

By · June 16, 2017 · 3 min read

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL – At a seminar held by the Brazilian Bar Association (OAB) in Rio de Janeiro, the new interim Minister of Transparency and Comptroller General of the Union, Wagner de Campos Rosário, said the country will be better after Operation Lava Jato (Car Wash), when it comes to fighting corruption.

Brazil's new Minister of Transparency, Wagner de Campos Rosário, Rio de Janeiro, Brazil, Brazil News
Brazil’s new Minister of Transparency, Wagner de Campos Rosário, speaking during a seminar on fighting corruption at the OAB/RJ, photo by Fernando Frazão/Agência Brasil.
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“I think Brazil will be better. […] Lava Jato is a critical moment in which the problem of corruption is being exposed, not only through investigation, but in the testimony of those involved,” Minister Rosário said to the group on Wednesday, June 14th.

“Today we have an open reality, there is no excuse to say ‘I do not see, I do not understand’. This information will change the lives of Brazilians,” he added.

For Rosário, it is not possible to say that there is currently more corruption in Brazil than in the past, because in the past there were not as many technological tools to detect illicit acts as there are today.

“Today we have more means of detection, which gives us an idea that corruption is increasing. But when we could not detect it, we did not know how it happened. As we have large cases appearing, the understanding of the country’s population is greater,” Rosário said.

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The Lava Jato case is the largest corruption scheme ever uncovered in Brazil, or possibly anywhere, and has found that billions of public money was funneled off into private bank accounts and political ‘contributions’.

However according to Rosário, the current structure of the Ministry of Transparency is below the what is necessary for a country of the size of Brazil. He cited the case of other smaller countries which have more staff dedicated to internal control.

“We have about 2,400 employees today, it’s a relatively small number. Spain, which is a country seven times smaller than ours, has 3,500 employees in the area of ​​internal control,” said the minister, who is an army officer, graduated from the Agulhas Negras Academy, and is in the Office of the Comptroller General Union (CGU) since 2009.

One of the initiatives he highlights is the Selo Pró-Ética (Pro-Ethics Seal), a program to encourage companies to implement integrity programs. “This year, the registrations counted on about two hundred companies scattered throughout Brazil, who sent their programs of compliance for analysis by our team.”

Brazil, Brasilia,Osmar Serraglio was substituted on Sunday as the country's Justice Minister by President Temer,
Osmar Serraglio was substituted last month as the country’s Justice Minister by President Temer, photo by Marcelo Camargo/Agencia Brasil.

Rosário took the position of Minister of Transparency on May 31st, after the abrupt announcement that President Michel Temer decided to change his Justice Minister, Osmar Serraglio. Serraglio who had been in the post since March, was to switch positions with the then Minister of Transparency, Torquato Jardim.

Serraglio’s period in the Justice Ministry was marked by controversies, including having his name mentioned in the Carne Fraca (Weak Flesh) investigations earlier this year involving JBS, Brazil’s meatpacking giant.

However Serraglio refused President Temer’s offer to nominate him as Transparency Minister, and is said to be going back to finish his mandate as a representative at the Chamber of Deputies.

The role for Serraglio now is also replacing Rodrigo Rocha Loures (PMDB-PR), who as a former special adviser to Temer but was caught by the Federal Police (PF) carrying a suitcase with R$500,000, reported as a payoff from businessman Joesley Batistas of JBS.

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