Lira challenges Lula's plan to review the immoral privatization of Eletrobrás.
The Speaker of the House is an obstacle to President Lula's plans to bring Eletrobrás back under the country's control.
247 - The Speaker of the Chamber of Deputies, Arthur Lira (PP-AL), put the brakes on the attempt by Lula's government to challenge aspects of the criminal privatization of Eletrobrás, carried out by Jair Bolsonaro's ultraneoliberal government.
Last week, the President Lula and the Attorney General's Office They went to the Supreme Federal Court (STF) seeking to reverse the burden placed on the Union by the sale of the energy company. They point out that, despite owning approximately 43% of the shares, the Union only has 10% of the voting power in the company. Furthermore, the privatization of Eletrobrás resulted in shares being sold below market value and imposed barriers for the State to buy them back.
>>> Lula is right to challenge the "treasonous crime" at Eletrobrás in court | Editorial 247
Talking to CNN BrazilLira said he was "concerned" about the review of the privatization of Eletrobrás advocated by President Lula. He spoke on behalf of "Brazil," but mentioned the interests of foreign investors...
"You may not propose any more privatizations, but changing a framework that is already in place and defined, with many groups and many countries investing, really causes Brazil a great deal of concern," said Lira.
“The vote on the privatization, or capitalization, of Eletrobrás was a much-debated matter in Congress. Eletrobrás did not have sufficient capital for investments and provided services of very poor quality,” the parliamentarian added. “We will, therefore, follow along and see what the real intention will be in discussing this within the Judiciary. But I think that, within the Legislative branch, this issue was well discussed and transformed into a capitalization that is proving successful,” he concluded.
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The action in the Supreme Court comes after President Lula declared, in an interview with TV 247, that “the government will once again own Eletrobrás” and that privatization was “a crime against the country”.
"This will not stand. We are taking legal action against the vote regarding the government's weight in the company's management and the price at which it was sold," Lula stated.