In world news, federal prosecutors in Brazil have filed suit against former Brazilian President Luiz Inacio Lula da Silva and a former Cabinet minister. According to the article both the former president and minster are being charged with misusing public funds to send more than 10 million letters to retirees telling them about low-interest payroll loans from Banco BMG. Back in 2004, the letters served no public interest and were sent 10months after the law was passed allowing the loans. During the time of the sent letters the financial institution recently contracted was able to make the loans, which was the new thing. In the article, it states that the protestors believe the purpose of the letters was merely self-promotion, praising the law and at the same time benefiting Banco BMG, which was the only bank approved to provide the loans. The prosecutors seek to compel Lula and former Social Security Minister Amir Lando to refund the amount spent on the letters, about $5.7 million, which is 9.5 million Brazilian reais.
http://www.cnn.com/2011/WORLD/americas/02/22/brazil.president.lawsuit/index.html
Delaina Flagg
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