Political Risk

Former Brazilian President Lula Found Guilty of Corruption

“The ruling marked a stunning fall for Lula, Brazil’s first working-class president who left office six years ago with an 83-percent approval rating. The former union leader won global admiration for transformative social policies that helped reduce stinging inequality in Latin America’s biggest country. Former U.S. President Barack Obama once labeled him the most popular politician on earth.”

Source: Former Brazilian President Lula Found Guilty of Corruption

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