Brazil's Former President Jair Bolsonaro Accused of Embezzling $1.2 Million in Undeclared Jewelry from Saudi Arabia

In a recent development, Brazil's Federal Police have accused former President Jair Bolsonaro of embezzling jewelry valued at 6.8 million Brazilian reals (approximately $1.2 million) during his tenure in office. The investigative report, unveiled by the Supreme Court, alleges that Bolsonaro engaged in embezzlement, asset laundering, and criminal association related to luxury jewelry from Saudi Arabia. This indictment comes as a blow to the far-right leader, who governed from 2019 to 2022 before losing his reelection bid to Luiz Inácio Lula da Silva and subsequently losing his political rights until 2030. The police report suggests the existence of a criminal association involved in the embezzlement of high-value gifts received by Bolsonaro due to his presidential position. The jewelry collection included diamond-encrusted Rolex and Patek Philippe watches, a necklace, rings, and cufflinks, among other items. Some of these gifts were reportedly given to government staffers on behalf of Bolsonaro during international trips. Brazil's prosecutor-general, Paulo Gonet, will review the police report to determine whether to press charges and compel the former president to stand trial. The investigation revealed that the funds from the jewelry were integrated by Bolsonaro without utilizing Brazil's banking system, allegedly to conceal their origin. Despite the accusations, Bolsonaro has not publicly addressed the issue, with his lawyers maintaining his innocence in this case and other ongoing investigations. Argentine President Javier Milei, an ally of Bolsonaro, criticized Brazil for what he perceives as a legal witch hunt against the former president. The report also mentions exchanges between Bolsonaro and a former top aide, indicating Bolsonaro's awareness of the impending auction of some of the disputed jewelry in the U.S. The former president reportedly received the package containing the jewelry on November 29, 2022. The unfolding scandal has intensified scrutiny on Bolsonaro's conduct during his time in office and raised questions about potential legal repercussions for his alleged involvement in embezzlement and criminal activities. The investigation's findings and subsequent legal proceedings are expected to have significant implications for Bolsonaro's political future and reputation.