Lula Probed by Brazil Prosecutors

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Brazil’s former President Luiz Inacio Lula da Silva is being investigated by federal prosecutors on allegations of influence peddling in a move that may deepen the country’s political crisis. The real fell.

Authorities are probing whether Lula used his influence to help construction company Odebrecht SA win contracts in Panama and Venezuela from 2011 to 2014, a spokesman for the prosecutor’s office in Brasilia said, asking not to be named because of internal rules.

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