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Geddel Vieira Lima
Geddel Vieira Lima

Minister at centre of Brazil’s latest scandal quits

BRASILIA,  (Reuters) – One of Brazilian President Michel Temer’s closest aides resigned yesterday following allegations he pressured the culture minister to approve a property development, unsettling investors with the prospect of renewed political turmoil in Latin America’s largest economy.

An aerial view of D’Urban Park

Granger says D’Urban Park company was set up due to absence of budget

Seeking to squash opposition accusations of a lack of transparency on the initial development of D’Urban Park, the government yesterday said Homestretch Development Incorporated (HDI) was a special purpose company that was set up to manage the preparation of the facility for the independence jubilee celebrations in the absence of a budgetary allocation and none of its directors received any compensation for their roles.

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