IBOV 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 66,293.07 ▲ 0.79% MERVAL 3,009,029 — 0.00% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% USD/BRL5.16▲ 0.21% USD/MXN16.97▲ 0.09% USD/CLP916.07▲ 0.30% USD/COP3,109▲ 1.49% USD/PEN3.35▼ 0.10% USD/ARS1,505▼ 0.45% USD/UYU40.18▲ 1.55% USD/PYG5,968▲ 1.18% USD/BOB11.47▲ 1.21% USD/DOP58.02▼ 0.50% USD/CRC447.25▲ 1.40% USD/GTQ7.62▲ 2.15% USD/HNL26.82▲ 0.34% USD/NIO36.62▲ 0.09% USD/VES785.55▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.99% EUR/BRL6.01▲ 0.07% 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 174,576.80 ▲ 1.55% IPSA 11,450.75 ▼ 0.76% IPC MEX 66,293.07 ▲ 0.79% MERVAL 3,009,029 — 0.00% COLCAP 2,508.47 ▼ 0.09% BVL PERÚ 60,117.56 ▲ 0.55% 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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Politics - Brazil Rio de Janeiro

Upheld Verdict for Brazil’s Lula May Keep Him From Presidency

By · January 25, 2018 · 3 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Three Brazilian judges from a regional court in Porto Alegre maintained on Wednesday the conviction of former president, Luiz Inacio Lula da Silva, raising his sentence from the original nine and a half years in prison to twelve years and one month.

Brazil, São Paulo,Lula speaks to supporters in the center of Sao Paulo city on Wednesday night,
Lula speaks to supporters in the center of Sao Paulo city on Wednesday night, photo internet reproduction.
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After the hearing supporters and opposition spoke about sentence and the former leader’s chances of being allowed to run in this year’s Presidential race.
“The result of the trial of Lula’s defense in court, with clearly arranged votes of the three judges, constitutes a judicial farce,” said PT (Workers Party) president, Senator Gleisi Hoffman. Hoffman criticized not only the maintenance of the conviction but also the decision to increase the sentence imposed by Judge Sergio Moro in July of 2017.

Leaving the courthouse without commenting on decision, Lula’s lawyer Cristiano Zanin, gave a press conference in the early evening. According to Zanin the defense will now use all legal means to challenge the sentence handed down, including more appeals both to higher courts and even to Brazil’s Supreme Court.

For Zanin, the appeal hearing did not reflect the truth of the facts. “The mark of this trial is that Lula has been convicted without having committed a crime,” he concluded.

While some scuffles broke out among the crowds watching the hearing in several cities across the country, no major incidents were reported. In São Paulo, the former leader spoke to a crowd of supporters who gathered for a rally in Praça da Republica, in the city center.

“I’ve never had any illusions about the judges in the Lava Jato (CarWash) investigation. There was a pact between the Judiciary and the press that decided that it was time to end the PT and our governance of the country,” said Lula to a cheering crowd.

With the maintenance of the sentence Lula’s chances of being eligible to run in October’s Presidential elections has diminished significantly. According to the Ficha Limpa (Clean Slate) bill, persons convicted of major crimes are not eligible to run for public office.

And although Lula has the option to appeal further his sentence, there is some question if the hearing would be over by August 31st, the deadline for political parties to register their candidates for the election.

For many, the accusations and consequent conviction were a plan to keep the former leader, known to many as ‘father of the poor’ from running in this year’s elections. All polls taken since the middle of 2017 show that Lula would win the race regardless of the second placed candidate. This belief holds not only true with a great many Brazilians, but foreign analysts as well.

Brazil, Porto Alegre,One of the three judges who heard ex-president Lula's conviction appeal on Wednesday
One of the three judges who heard ex-president Lula’s conviction appeal on Wednesday, photo Sylvio Sirangelo/TRF4.

“The attempt to exclude Brazil’s most popular political leader from the presidential race, following the impeachment of President Dilma Rousseff on a very dubious pretext, represents a serious breakdown in the rule of law,” says Mark Weisbrot, Co-Director at the Center for Economic and Policy Research, a think tank headquartered in Washington DC.

In an op-ed article in the New York Times this week Weisbrot says if Lula is ineligible to run, this could be ‘politically destabilizing’ for the country.

“If Lula’s Brazil will have reconstituted itself as a much more limited form of electoral democracy, in which a politicized judiciary can exclude a popular political leader from running for office. That would be a calamity for Brazilians, the region and the world,” concludes Weisbrot.

The former President, however, promises that no conviction will make him cease his party’s goal of obtaining once again the most powerful public seat in the country. “Wait because we will be back,” Lula told his supporters on Wednesday night.

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