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Stock impact report

Brazil's Lula fights prison order, won't turn himself in - source [Reuters (UK)]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
Brazil's Lula fights prison order, won't turn himself in - source | Reuters 4 Min Read BRASILIA/SAO BERNARDO DO CAMPO, Brazil (Reuters) - Brazil’s former President Luiz Inacio Lula da Silva will not turn himself in to serve a 12-year prison sentence for corruption, a party source with knowledge of his thinking said on Friday, adding he will wait until a higher court rules on a last-minute appeal. Lula’s lawyers urged the appeals court to suspend the prison order, arguing they had not been given time to exhaust procedural appeals and painting the case as an effort to remove him from the presidential race he is currently leading. It was not clear if the higher court would intervene before a 5 p.m. (2000 GMT) deadline for the former president to start serving time for bribery and money laundering. Lula spent his last hours ahead of that deadline huddling with aides and allies at the headquarters of the steelworkers union in metropolitan Sao Paulo where he got his start in Brazilian polit Show less Read more
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