Brazil Freezes R$600,000 of Ex-President Lula’s Assets

In addition to the freezing of bank accounts officials seized two vehicles and Lula’s participation in four other apartments in São Paulo state.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Central Bank in Brazil carried out an order issued by federal judge Sergio Moro and froze of more than R$606,000 in assets from accounts belonging to former President Luiz Inácio Lula da Silva on Wednesday (July 19th).

"The freezing of assets of the former president [was] to recover the proceeds of crime and the arrest of the same assets to guarantee reparation of the damage," stated Moro in the document to the courts.

Last week, the former president was Subscribe to our Premium Membership Plan. Already Subscribed?