Brazil is recovering stolen public funds and dismissing corrupted officials with huge increases in the recovery of stolen funds and seven high-ranking members of President Dilma Rousseff’s administration dismissed following allegations of corruption, since she took office in January 2011
n August President Rousseff said: “It is my duty as President of all Brazilians to see an end to the impunity which shelters many of those accused of involvement in corruption practices,” and added: “We will punish all abuses and excesses.”
n August President Rousseff said: “It is my duty as President of all Brazilians to see an end to the impunity which shelters many of those accused of involvement in corruption practices,” and added: “We will punish all abuses and excesses.”
2011 has seen a 150 percent increase since 2007 in the amount of stolen funds recovered. Yet this ‘record’ high retains only 15 percent of revenues stolen.
Brazil hopes to retrieve 25 percent of diverted funds by 2016. However, officials maintain it takes about seven years to recover funds. Corruption and a culture of impunity, amongst high ranking officials especially, remain endemic according to critics.
Last year the Brazilian courts produced only 416 final judgments in corruption crimes and 547 cases of money laundering – about ten percent of the average that is in the U.S. court system each year.
Sources:
The Rio Times
Brazil hopes to retrieve 25 percent of diverted funds by 2016. However, officials maintain it takes about seven years to recover funds. Corruption and a culture of impunity, amongst high ranking officials especially, remain endemic according to critics.
Last year the Brazilian courts produced only 416 final judgments in corruption crimes and 547 cases of money laundering – about ten percent of the average that is in the U.S. court system each year.
Sources:
The Rio Times
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