Finance Ministry Manages Denucci Scandal

By Luke Milner, Contributing Reporter

RIO DE JANEIRO, BRAZIL - On Saturday January 28th, Guido Mantega, the Brazilian Finance Minister, reportedly dismissed Luiz Felipe Denucci Martins, the Head of Casa da Moeda do Brasil (the Brazilian Mint), following accusations that Denucci was receiving bribes and depositing them in off-shore bank accounts. According to Folha de São Paulo, Mantega was informed in August 2011 that Denucci had begun to open offshore accounts in tax havens.

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