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Brazilian Court Orders Payment of Auction Proceeds in Lula Triplex Case

1 report, 1 independent Updated 00:00

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What happened

Some supportReported by 1 outlet

The legal case involving a triplex property in Guarujá, which prosecutors in the Car Wash corruption investigation claimed was given to Luiz Inácio Lula da Silva by the builder OAS, is currently centered on the property. Judge Marcelo Gentil Monteiro ordered the payment of auction proceeds, valued at about R$2.4 million, to OAS. This ruling came after the Supreme Federal Court found that the Curitiba court that convicted Luiz Inácio Lula da Silva lacked jurisdiction, thereby annulling its decisions.

From riotimesonline.com

Why it matters

Some supportBrind's analysis of the reports

The legal proceedings surrounding the property and the subsequent court rulings affect the legal risk profile of major construction companies operating in Brazil. The Supreme Federal Court's decision to annul prior convictions changes the legal status of the case.

From riotimesonline.com

Who's involved

Luiz Inácio Lula da SilvaSubject of the legal case regarding the triplex property
GuarujáLocation where the triplex property is situated

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The entities involved

Luiz Inácio Lula da Silva
president of Brazil from 2003 to 2011 and since 2023
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Guarujá
municipality in the state of São Paulo, Brazil

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Coverage

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00:00riotimesonline.com