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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (22294)	5/9/2001 9:20:36 PM
From: wl9839	Respond to of 22640

Brazil opposition requests high-profile graft probe Brasília, 09 - Brazil´s opposition earlier Wednesday submitted to Senate president Jáder Barbalho a petition requesting the establishment of a high-profile inquiry into corruption allegations that involve key government officials. The petition comes as several high-ranking politicians see themselves connected with fraudulent schemes. As soon as the inquiry is set up, Brazil´s Congress will kick off investigations into alleged embezzlement of funds from now defunct development agencies Sudam and Sudene, as well as from the contruction of a courthouse building in São Paulo. Barbalho is believed to be involved in a Sudam swindle, while Fernando Bezerra on Tuesday resigned as National Integration Minister for his alleged role in the misappropriation of funds from Sudene. Separately, two high-ranking senators are likely to face impeachment proceedings for violating Senate vote confidentiality rules. In late April, former Senate head Antonio Carlos Magalhães and former government leader at the upper house senator José Roberto Arruda admitted to having accessed the tally of a secret vote that resulted in the expulsion of a fellow member in June 2000. President Fernando Henrique Cardoso has tried to block the corruption probe, alleging that a high-profile investigation at this point in time would halt the voting of key reforms in Congress. These reforms include new corporate governance norms and a much-procrastinated tax overhaul. James Allen/Cida Fontes