Brazilian Federal Court of Accounts (TCU) minister dismisses request to suspend loan payments for the Brazil Aid program.
According to Aroldo Cedraz, Caixa Econômica Federal 'observed corporate governance procedures' when offering the benefit.
Capital Letter - Minister Aroldo Cedraz, of the Federal Court of Accounts, decided on Friday, the 4th, to dismiss a request to suspend the granting of payroll loans to beneficiaries of the Auxílio Brasil program.
According to the minister, Caixa Econômica Federal "observed corporate governance procedures" when offering the benefit. Cedraz also noted that the loan "was accompanied by analyses regarding the definition of limits for unrecoverable amounts, operating costs, and pricing, and its commercial and financial viability was demonstrated."
The request to halt the offer came from the Electoral Public Prosecutor's Office, which alleged there was evidence of "electoral misconduct" in granting the loan on the eve of the elections. The benefit was exploited by Jair Bolsonaro's (PL) reelection campaign.
Read the full article at Capital letter.
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