© Reuters. File picture: On July 27, 2021, Brazilian President Jair Bolsonaro speaks at a ceremony held at the Planalto Palace in Brasilia, Brazil. REUTERS/Adriano Machado/File Photo
Authors: Tatiana Bautzer and Lisandra Paraguassu
São Paulo/Brasília (Reuters)-Hundreds of business leaders representing big Brazilian banks and other companies issued a letter entitled “Elections will be respected” on Thursday, clearly condemning President Bolsonaro The recent threat to the 2022 elections.
The letter said: “The principle of healthy democracy is to hold elections, and all relevant personnel accept the results of the election.” Bolsonaro has repeatedly stated that if the printed ballot system is not adopted, the 2022 elections will not be held. On Wednesday, he threatened to react to the Supreme Court’s investigation into his “unconstitutional” behavior.
The letter did not quote the president. He said: “Brazilian society is the guarantor of the Constitution and will not accept authoritarian risks.”
The signatories of this letter include Roberto Setubal and Pedro Moreira Salles, the major shareholders and co-chairs of Itau Unibanco Holding SA Luiza and Frederico Trajano, the controlling shareholders of Luiza magazine Pedro Passos and Guilherme Leal, and the shareholders of Natura & Co Holding Carlos Jereissati, shopping Shareholders of the center operator Iguatemi, as well as bankers, such as Credit Suisse (6:) Brazil CEO Jose Olympio Pereira (Jose Olympio Pereira) and Lazard (New York Stock Exchange stock code:) Chairman Jean Pierre Zaluk. Walter Schalka, CEO of pulp manufacturer Suzano, also signed the letter.
Economists, diplomats and civil society representatives also signed the letter.
On Wednesday, Bolsonaro angrily opposed the Supreme Court’s investigation into the baseless allegations that Brazil’s electronic voting system is vulnerable to fraud. Critics say Bolsonaro, like former US President Donald Trump, is sowing suspicion in case he loses in 2022. He has threatened that if the system does not change, he will not accept the results.
In an interview with an evangelical radio station, Bolsonaro said he wanted to emulate the elections in neighboring Paraguay, where electronic voting and printed ballots coexist.
He said that Supreme Court justices Alexander Molas and Luis Roberto Barroso were making “unreasonable” decisions and reiterated that electronic voting is vulnerable to fraud.
Bolsonaro also stated that Moras’ decision to investigate him in a fake news investigation was “ridiculous”. In the interview, Bolsonaro cited a federal police investigation that investigated the hacking of the Supreme Electoral Court in 2018.
Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.