Brazil’s Bolsonaro investigating questionable loans given to Cuba and Venezuela by national bank

Brazil’s president Jair Bolsonaro is investigating questionable loans given to the dictatorships in Cuba and Venezuela by Brazil’s national bank under the corrupt administrations of socialists Lula da Silva and Dilma Rousseff.

Sabrina Martin reports in PanAm Post:

Bolsonaro Wants to Uncover Corruption in BNDES, Venezuela, and Cuba

The Brazilian President asked the financial institution to “open the black box” and to clear up loans for Chávez and Castro.

The President of Brazil, Jair Bolsonaro, seeks to uncover the web of corruption of the governments of Luiz Inacio Lula da Silva and Dilma Rousseff regarding the loans to Cuba and Venezuela.

The Brazilian President asked the National Bank for Economic and Social Development (BNDES) to “open the black box” and to explain some of the loans earmarked for the governments of Chavez and Castro. According to presidential spokesman, Otavio do Rego Barros, Bolsonaro hopes that Gustavo Montezano, the new head of the country’s leading development bank, will identify where the resources destined for infrastructure works were invested, both in Cuba and Venezuela.

On the night of Monday, 17th June, the Ministry of Economy announced Montezano as the new President of BNDES. The President had harshly criticized Joaquim Levy, the former head of the entity, and Levy resigned on Sunday.

At the press conference, Rego Barros explained the reasons behind Bolsonaro’s decision. Barros also stressed that people who have held positions of responsibility during the governments of Luiz Inácio Lula da Silva and Dilma Rousseff, both members of the Workers Party (PT), should not be part of the current government.


Chávez asked Lula to finance Cuban port

Veja magazine reported in 2017 that Hugo Chavez asked the Brazilian construction company Odebrecht to take charge of the Mariel Port in Cuba, to help his ally, Fidel Castro.

Emilio Odebrecht testified before the Brazilian justice system that he asked Chávez to speak with former President Lula da Silva to finance the work in Cuba.

Odebrecht informed Chávez that his company worked in the United States and that due to the restrictions of the Havana embargo, “it was not easy to establish a financial scheme.”

Read the entire article HERE.