Bolsonaro Forced to Hand Over Precious Gems

By John Jeffay / March 28, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Brazil's former President Jair Bolsonaro has become embroiled in a second jewelry scandal.He's been forced to hand over precious gems he received during his three years in office.Earlier this month authorities launched an investigation into claims he failed to declare diamond jewelry valued at $3.2m that was seized at at Sao Paulo international airport in 2021.The items, including a Chopard diamond necklace, earrings and watch, were a gift from the Saudi government to him and his wife Michelle.Last week, in a new development, he was given five days to deposit a box of precious gems, also received during his presidency, at a bank in the capital Brasilia, along with a gun, also a gift.Mr Bolsonaro, who lost last October's election to left wing rival Luiz Inacio Lula da Silva, denies any wrongdoing.Brazilian law requires travelers entering the country to declare all items worth over $1,000.Pic courtesy Brazil's Federal Revenue Department shows the items seized at Sao Paulo international airport

Recent News

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com

Gold stocks succumb only on second day of plunge

April 07, 2025 / www.canadianminingreport.com

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok