IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.59▼ 0.06% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▼ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.23▲ 0.07% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.12% USD/MXN 18.59 ▼ 0.07% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.25 ▲ 0.26% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
since 2009
Friday, November 13, 2026

Brazil Politics - Brazil

Brazil’s Grupo Globo Transferred R$450,000 to Lula’s Company, Says PF

By · · 3 min read

RIO DE JANEIRO, BRAZIL – The report by the Federal Police (PF) that charged former President Luiz Inácio Lula da Silva with collecting kickbacks masked as donations to the Lula Institute, suggests that the company ‘Lils Lectures and Events’, owned by the leftist, received R$450,132.41 from Infoglobo Communication and Shareholdings in October 2013.

1
Federal Police report shows that the former president’s lecture company received more than R$28 million (US$7 million) between July 2011 and January 2016.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

According to the report, the transfer from the Globo Group company corresponds to only 1.6 percent of the more than R$28 million in bank transfers to the former president’s company between July 2011 and January 2016.

“As said, this report is based on news of the receipt of amounts from the companies investigated within the scope of the Lava Jato Operation (Odebrecht, Camargo Corrêa, UTC, Queiroz Galvão, Andrade Gutierrez and OAS) by the company Lils Lectures, Events and Publications Ltda. in amounts exceeding R$9 million,” says the PF.

The document also shows that the lectures commissioned by Odebrecht allow concluding that this contractor “provided the largest portion of Lula’s company’s source of income”. According to the report, Odebrecht was behind the direct transfer of approximately ten percent of the former president’s company resources.

The amounts provided by the construction company between 2011 and 2014 to Lils ranged between R$350,000 and R$449,000 for lectures conducted by the ex-president in Brazil and abroad. According to the Federal Government, the money received by Lula from Odebrecht “was a kickback disguised as donations”.

In addition to the ex-president, former Finance Minister and Presidential Chief of Staff Antônio Palocci, the president of the Lula Institute, Paulo Okamotto, and former Odebrecht president, Marcelo Odebrecht, were also charged.

The other side

In a note, attorney Cristiano Zanin Martins, ex-president Lula’s defense counsel, said: “The charge is part of the Lawfare promoted by the Curitiba’s Lava Jato against ex-president Lula and makes no sense: the donations to the Lula Institute were formal, their source identified and without any compensation”.

“At the time of the donations, Lula was not even a public official and the beneficiary was the Lula Institute, an institution that aims to preserve items that are part of Brazil’s cultural heritage and not to be confused with the former president’s physical person”.

Infoglobo says it is involved in initiatives that contribute to the development and promotion of Rio de Janeiro and points out that in 2013 it “supported Fecomércio-RJ in holding a seminar on the Rio State Trade Map. “In addition to publicizing the event in its newspapers, Infoglobo paid the costs of lecturers, including ex-president Lula,” says the Globo Group company.

Odebrecht states that it is “committed to ethical, honest and transparent performance” and guarantees that it “has constantly and effectively cooperated with the authorities in search of full clarification of past facts”.

 

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.