Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 08, 2017

Brazil Police Make Record Bust of `Lost Treasure' Trove

Brazil Police Make Largest-Ever Bust of `Lost Treasure' Trove

(Bloomberg) -- Brazil's federal police on Tuesday found a trove of money stashed in an apartment allegedly used by one of President Michel Temer's former cabinet members, the largest single cash seizure in the country's history.

A photograph provided by the police as part of its operation called “Lost Treasure” showed suitcases and cardboard boxes overflowing with 100-real and 50-real banknotes, Brazil's two largest currency denominations. They also found a bag full of dollars. After counting the bills overnight, police said the final tally was 51 million reais ($16.4 million).

Police said that the apartment in Salvador, capital of the state of Bahia, was supposedly used by Geddel Vieira Lima, an ally of President Temer and formerly his top congressional liaison. Vieira Lima resigned last year amid allegations of influence trafficking. Vieira Lima's lawyer did not immediately respond to calls and messages seeking comment. 

Tuesday's bust comes just weeks after lawmakers voted against putting Temer on trial to face corruption allegations, which allowed his government to return attention to its economic reform agenda. If Temer hopes to succeed, he will need to navigate further tempests including a second criminal charge expected in coming weeks.

Vieira Lima was arrested in July on suspicion he tried to obstruct investigations into the diversion of funds from a state bank, and has since been under house arrest. Earlier Tuesday, federal police also searched the home and questioned the head of Brazil's Olympic Committee in connection to allegations of bribes paid to help secure 2016 hosting rights.

To contact the reporter on this story: David Biller in Rio de Janeiro at dbiller1@bloomberg.net.

To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Robert Jameson

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source