Brazilian judge freezes ex-president Lula's assets after conviction

2017-07-19 22:02
Brazil's former president Luiz Inacio Lula da Silva. (AP, File)

Brazil's former president Luiz Inacio Lula da Silva. (AP, File)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Braslia - A Brazilian judge leading an anti-corruption probe has ordered assets belonging to former president Luiz Inacio Lula da Silva frozen after last week convicting and sentencing him to prison for graft.

Lula, as he is widely known, remains free pending an appeal of the verdict. He denies any wrongdoing and says he will attempt a political comeback next year by contesting presidential elections.

Read more here

Ordering the asset freeze, Judge Sergio Moro said, was in response to the charge that Lula accepted a bribe of a luxury beachside apartment and $1.1 million in cash from one of Brazil's biggest construction companies, OAS.

Moro put the value of Lula's assets in property and bank accounts as $4.3 million, according to court papers released Wednesday.

They comprised three apartments, a plot of land, two vehicles and two accounts holding more than the equivalent of $190,000 in cash.

Lula was a week ago given a nine-and-a-half-year sentence after his conviction.

Also read: A list of world leaders ousted for legal reasons

The 71-year-old has portrayed the judicial blow as an attempt to keep him out of the running for the presidency.

One of the most popular Brazilian leaders of modern times, Lula held power from 2003 to 2010, the maximum two consecutive terms permitted by the constitution.

His protegee and fellow Workers Party member, Dilma Rousseff, then took the reins, winning two elections. But she was impeached and ousted last year for fiddling government accounts to hide liabilities.

Her vice president from another party, Michel Temer, has taken over. But he, too, is accused of taking bribes, as have several of his ministers who have resigned.

Lula had been leading in voter intention polls up to his conviction. He has vowed to "be criss-crossing the country" to win support for his bid to return as president in the October 2018 elections.

Moro, however, is also a popular choice for possible candidate, thanks to his unflinching anti-corruption drive.

Read more on:    brazil

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.