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

To: wl9839 who wrote (15295)	5/14/1999 12:05:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Senate concludes investigation into BC's operations São Paulo, 14 - The Senate's financial system inquiry committee decided Thursday to conclude investigations into the Central Bank's operation aimed at rescuing Marka and FonteCindam banks, in a secret meeting held after Salvatore Cacciola's testimony. The next step of the senators is to send to the Federal Board of Attorneys a report requesting compensation for losses of R$ 1.567bn caused by the operation and the extrajudicial liquidation of both institutions. The committee will also request the Justice system to track Cacciola's accounts abroad, as well as those of former Central Bank president Francisco Lopes and his partner's, Sérgio Luiz Bragança. (O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo/ Jornal do Brasil)