Good morning! In today’s issue: Op. Car Wash arrests a second former Brazilian president. Speaker could jump ship in pension reform. Brazilian assets crash after Temer arrest.
Op. Car Wash arrests a second former Brazilian president
Less than three months after leaving the presidential office, Michel Temer was arrested by Operation Car Wash—alongside 10 other people, including his former Minister of Mines and Energy. Mr. Temer is accused of running a sophisticated criminal ring that used a series of shell companies to siphon BRL 1.8bn from government agencies across decades. Per the case’s prosecutors, Mr. Temer’s...
