Police Raids in Bolsonaro Jewelry Probe

By John Jeffay / August 27, 2023 / www.idexonline.com / Article Link

(IDEX Online) - Police in Brazil have raided the addresses of two aides to the former president, over  claims they sold high-value jewelry gifts from foreign governments for cash.Proceeds of the sales were, allegedly, then passed on to Jair Bolsonaro, who lost last October's election to left wing rival Luiz Inacio Lula da Silva.A Federal Police said a lawyer and former aide were "suspected of using the structure of the state to divert high-value assets delivered by foreign authorities to Brazilian representatives on official visits, through the sale of these items abroad."An investigation was launched in March into claims Bolsonaro failed to declare diamond jewelry valued at $3.2m that was seized 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. Mr Bolsonaro denies any wrongdoing.Pic courtesy Brazil's Federal Revenue Department shows the items seized at Sao Paulo international airport

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok