Lula left the presidency

Brazilian Real Surges After Ex-President Lula Found Guilty Of Corruption, Faces 9 Years In Prison

Just hours after current President Temer garnered enough votes necessary to block congressional motion that would put him on trial over corruption charges, Reuters reports that former President Lula has been found guilty of on corruption charges and faces 9 years in prison.

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Lula left the presidency

Brazilian Real Surges After Ex-President Lula Found Guilty Of Corruption, Faces 9 Years In Prison