Search results
Results from the WOW.Com Content Network
The current real was introduced in 1994 at 1 real = 2,750 cruzeiros reais. The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real.
According to Funaro, to launder the money and disguise the origin, Yunes invested illicit funds with his real estate developer. The operation was authorized by Supreme Federal Court Minister Luís Roberto Barroso, rapporteur of the inquiry investigating whether Temer accepted bribes in order to benefit companies in the port sector. [124]
[a] The operation took place in three São Paulo cities -- São Paulo, Santo André and São Bernardo do Campo--- as well as in Joaçaba, Santa Catarina—and investigated criminal networks designed to open offshore companies and accounts abroad to hide and conceal the proceeds of corruption crimes, notably funds from crimes at Petrobras, as ...