IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 — 0.00% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL5.07▲ 0.24% USD/MXN17.34▼ 0.03% USD/CLP925.97▼ 0.01% USD/COP3,108▼ 2.90% USD/PEN3.38▼ 0.17% USD/ARS1,489▼ 0.03% USD/UYU40.22▲ 1.36% USD/PYG5,941▲ 0.85% USD/BOB11.80▲ 5.38% USD/DOP57.95▲ 0.07% USD/CRC449.30▲ 1.50% USD/GTQ7.63▲ 2.32% USD/HNL26.76▲ 0.39% USD/NIO36.62▲ 0.34% USD/VES744.76▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.60% USD/TTD6.75▲ 1.33% EUR/BRL5.83▼ 0.76% BRENT 89.78 ▲ 0.84% WTI 84.31 ▲ 0.86% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.64% GOLD 4,112 ▲ 0.28% SILVER 58.07 ▼ 1.28% SOY 1,188 ▲ 0.93% CORN 466.75 ▲ 4.71% WHEAT 657.00 ▼ 0.98% COFFEE 322.10 ▼ 0.29% SUGAR 14.61 ▲ 1.25% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.55 ▲ 2.69% COCOA 5,383 ▲ 5.30% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,845 ▼ 1.36% ETH 1,884 ▼ 1.77% SOL 73.50 ▼ 1.30% XRP 1.07 ▼ 1.03% BNB 591.76 ▼ 0.04% ADA 0.17 ▲ 0.30% DOGE 0.07 ▼ 1.52% AVAX 6.49 ▲ 0.87% LINK 8.25 ▼ 2.42% DOT 0.76 ▼ 0.92% LTC 44.98 ▼ 1.24% BCH 207.62 ▼ 4.33% TRX 0.33 ▼ 0.64% XLM 0.17 ▼ 1.25% HBAR 0.07 ▼ 0.48% NEAR 1.64 ▼ 2.11% ATOM 1.23 ▼ 3.87% AAVE 97.71 ▼ 1.74% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25% IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 — 0.00% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▲ 0.24% USD/MXN 17.34 ▼ 0.03% USD/CLP 925.97 ▼ 0.01% USD/COP 3,108 ▼ 2.90% USD/PEN 3.38 ▼ 0.17% USD/ARS 1,489 ▼ 0.03% USD/UYU 40.22 ▲ 1.36% USD/PYG 5,941 ▲ 0.85% USD/BOB 11.80 ▲ 5.38% USD/DOP 57.95 ▲ 0.07% USD/CRC 449.30 ▲ 1.50% USD/GTQ 7.63 ▲ 2.32% USD/HNL 26.76 ▲ 0.39% USD/NIO 36.62 ▲ 0.34% USD/VES 744.76 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.60% USD/TTD 6.75 ▲ 1.33% EUR/BRL 5.83 ▼ 0.74% BRENT 89.78 ▲ 0.84% WTI 84.31 ▲ 0.86% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.64% GOLD 4,112 ▲ 0.28% SILVER 58.07 ▼ 1.28% SOY 1,188 ▲ 0.93% CORN 466.75 ▲ 4.71% WHEAT 657.00 ▼ 0.98% COFFEE 322.10 ▼ 0.29% SUGAR 14.61 ▲ 1.25% ORANGE JUICE 145.95 ▲ 5.80% COTTON 81.55 ▲ 2.69% COCOA 5,383 ▲ 5.30% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.81 ▲ 4.60% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 ▲ 1.69% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 ▼ 2.87% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 ▲ 1.69% OMA AIRPORT 108.09 ▲ 1.61% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,845 ▼ 1.36% ETH 1,884 ▼ 1.77% SOL 73.50 ▼ 1.30% XRP 1.07 ▼ 1.03% BNB 591.76 ▼ 0.04% ADA 0.17 ▲ 0.30% DOGE 0.07 ▼ 1.52% AVAX 6.49 ▲ 0.87% LINK 8.25 ▼ 2.42% DOT 0.76 ▼ 0.92% LTC 44.98 ▼ 1.24% BCH 207.62 ▼ 4.33% TRX 0.33 ▼ 0.64% XLM 0.17 ▼ 1.25% HBAR 0.07 ▼ 0.48% NEAR 1.64 ▼ 2.11% ATOM 1.23 ▼ 3.87% AAVE 97.71 ▼ 1.74% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 ▲ 9.12% INTER 5.64 ▲ 4.25%
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Opinion: Brazil’s Lava Jato: Chronicle of a Death Foretold (Again)

By · July 10, 2018 · 3 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – Last weekend, after Brazil’s “Seleção” crashed out of the World Cup, its judiciary staged an embarrassing demonstration of how politics has usurped the Judicial Branch of government.  Worse, it is another warning sign that the Lava Jato investigation will soon be rendered ineffectual.

Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
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We refer to the battle of writs focusing on whether former President Lula should receive a “get out of jail free” card. After the dust cleared, when we were all (so to speak) at writ’s end, the decision was that Lula should remain incarcerated.

The first political move was taken Saturday by three federal deputies, all from Lula’s Workers Party (PT), who filed a writ of habeas corpus on his behalf at the 4th Regional Appellate Court (TRF)—the court where a three-judge panel had ruled that Lula should remain in jail while his appeals were pending.

Why the weekend? Why this court? Simple politics.

On weekends, the TRF is not in session, so one of the court’s judges remains on duty to deal with emergencies until Monday. The petitioning politicians had obviously planned this maneuver some time in advance, but had bided their time until a weekend when a judge known to be a PT sympathizer would be on duty.

This weekend, the duty judge was someone who, for twenty years before his appointment to the federal bench in 2010, had been an active member of PT, and a government official in PT administrations. Unsurprisingly, the duty judge was sympathetic to Lula’s plight, and ordered him to be released.

The duty judge denies any political motivation; however, no one believes him. The Public Prosecutor has requested an investigation from the judicial watchdog agency.

The next political move occurred after the duty judge sent the release order to the lower court presided over by crusading Judge Sergio Moro — who simply refused to follow the order of his hierarchical superior, and instead told the police not to release Lula.

Judge Moro denies any political motivation; however, no one believes him. The duty judge has requested an investigation by the judicial watchdog agency.

PT politicians have always treated the Lava Jato investigations as political rather than judicial questions. They have shouted that Lula is a “political prisoner” and that Judge Moro, the Public Prosecutors and the 4th TRF are engaged in a plot to keep Lula from becoming President.

Judge Moro, although clothing his decisions in legalspeak, has taken certain actions that clearly indicate that he regards Lula’s continued presence in jail as essential to his investigations. That is a political position, not a judicial one.

Judge Moro should not have taken the bait offered by the PT politicians and its co-opted weekend duty judge — he should have complied with the order for Lula’s release, even though it was clearly politically motivated, and waited for the Judicial Branch to overrule the decision on strictly judicial grounds.

He did not do so; rather, he took a clearly political position that bodes ill for the future of the Lava Jato investigations because it casts suspicion on all his future decisions.

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