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 and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok