Brazil Beckons to Investors
Former Brazilian President Luiz Inacio Lula da Silva has been sentenced to 9.5 years in prison for money laundering and corruption. Though Lula da Silva remains one of the most popular presidents in Brazil’s history – he is credited with lifting millions out of poverty – his recent conviction signals another win for the comprehensive investigations into political corruption at the highest level in Brazil. Despite the fallout from “Operation Car Wash”, Michel Temer’s administration has remained focused on implementing the changes necessary for driving growth in Latin America’s largest economy.
In June, President Temer was also accused of corruption, however, he has vehemently denied the charges, claiming that the accusations are politically motivated.…