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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.935

-1.1%

12:59 PM EST

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To: wl9839 who wrote (15221)	5/11/1999 4:27:00 PM
From: wl9839	Read Replies (1) of 22640

Bankers testimonies expected to end CPI chapter Brasília, 11 - The two testimonies scheduled for this Tuesday and next Thursday of former Central Bank international area, Demósthenes Madureira de Pinho and Salvatore Cacciola (Marka bank), and Luiz Antônio Gonçalves (FonteCindam bank), respectively, are expected to put an end to one more chapter in the political relationship between the government and the Senate. Within this context, the chances are now much narrower that Finance Minister Pedro Malan be summoned to testify as a suspect in the Marka-FonteCindam case. It is believed that Demósthenes will repeat the content of his first testimony, given at the Federal Police -- which coincides with what Francisco Lopes and Cláudio Mauch said at the time and place -- that he suspected Malan was involved in the Central Bank rescue of the two banks. The minister was outraged at the accusations to which he responded calling "whoevever has any interest in investigating his role in the case should do so. (By Ariosto Teixeira) Copyright © 1996 Agência Estado. All Rights Reserved.

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