Brazilian President Michel Temer’s minister in charge of relations with Congress, Geddel Vieira Lima, resigned on Friday following an accusation that he had pressured another minister to approve a property investment.
His resignation, along with accusations by another minister that Temer also discussed the investment with him, rattled investors on Friday, pushing Brazil’s currency and stock prices lower as traders worried the turmoil would affect efforts to overhaul government finances and restore economic growth.
Vieira Lima is the fourth Cabinet minister to quit over corruption allegations since Temer replaced impeached leftist Dilma Rousseff earlier this year and vowed to clean up government.
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