Overview
- The Intercept Brasil published alleged audio on Wednesday in which the senator asks banker Daniel Vorcaro for tens of millions of reais to fund a film about his father, Jair Bolsonaro.
- Flávio Bolsonaro denied wrongdoing and said the proposed financing was a private sponsorship that involved no public money or offers of favors.
- Brazil’s currency fell more than 2% to weaken past 5 per U.S. dollar, and the Bovespa stock index closed 1.8% lower after the report.
- Vorcaro, who owned the failed lender Banco Master, was jailed in March and is under federal and Supreme Court investigation following the bank’s liquidation in November.
- Analysts said the episode could hurt Flávio’s standing ahead of party decisions on the opposition ticket in a race where polls show him roughly even with President Luiz Inácio Lula da Silva.