Brazil Stocks Tank As Famous ‘Car Wash’ Judge Sergio Moro Quits Government [Forbes]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
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Source: Forbes
Brazilian Justice Minister Sergio Moro resigned on Friday, marking the second high official to leave... [+]the Bolsonaro Administration in a week. (Photo by Andre Coelho/Getty Images)Another one bites the dust.The government of Jair Bolsonaro just lost its biggest star, Sergio Moro, the Brazilian Justice Minister who rose to fame as the lead judge in the infamous Petrobras ‘Car Wash’ investigations; investigations that ultimately led to the arrest of ex-president Luiz Inacio Lula da Silva and, arguably, the election of Bolsonaro.Moro is leaving the government over a disagreement that stems from the head of the Federal Police, Brazil’s version of the FBI, stepping down. Bolsonaro wants more control over that division, and Moro doesn’t like the idea. He wants the Federal Police to be independent of politics and signaled that Bolsonaro was interfering with investigations by messing with leadership.“President Bolsonaro’s signature issue was Car Wash and cleaning house. Sergio Moro is the
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