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Bacchus4.0

(6,837 posts)
Sat May 2, 2015, 10:50 AM May 2015

Brazil ruling party fined $1.6 mn

http://news.yahoo.com/brazil-ruling-party-fined-1-6-mn-232600264.html

Brasília (AFP) - Brazil's electoral tribunal on Thursday fined the ruling Workers Party (PT) of President Dilma Rousseff $1.6 million for accounting irregularities dating back to 2009.

It comes with the party already reeling from the fallout of a giant graft scandal at state-owned oil firm Petrobras which has seen some three dozen politicians, including the PT's former treasurer, fingered by a police investigation into alleged kickbacks on fat Petrobras contracts.

Thursday's ruling locks the PT out of access to state party funding for three months and the organization will have to pay back the cash concerned, the tribunal said in a statement.

The investigation found irregularities surrounding the payment of outstanding interest as well as incomplete documentation on tax and income obtained from unidentified sources.
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