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On Feb. 8, Brazil’s federal police confiscated former President Jair Bolsonaro’s passport and arrested a pair of his former aides on accusations that they had plotted a coup after Mr. Bolsonaro lost the 2022 presidential election. Four days later, Mr. Bolsonaro was at the entrance to the Hungarian Embassy in Brazil, waiting to be let in, according to the embassy’s security-camera footage, which was obtained by The New York Times. The former president appeared to stay at the embassy for the next two days, the footage showed, accompanied by two security guards and waited on by the Hungarian ambassador and staff members. Mr. Bolsonaro, a target of various criminal investigations, cannot be arrested at a foreign embassy that welcomes him, because they are legally off-limits to domestic authorities. The stay at the embassy suggests that the former president was seeking to leverage his friendship with a fellow far-right leader, Prime Minister Viktor Orban of Hungary, into an attempt to evade the Brazilian justice system as he faces criminal investigations at home.

Persons: Jair, Bolsonaro, Viktor Orban of Hungary Organizations: Hungarian Embassy, The New York Times Locations: Hungarian, Brazil

A fan died in the sweltering heat at Friday night’s show in Rio de Janeiro. Swift postponed her Saturday show until Monday, to the dismay of thousands of fans who had already started filling the stadium. The military police said a fan who was in Rio de Janeiro for the regularly scheduled concert on Sunday was stabbed to death earlier that morning. The fatality and other problems were a departure from the triumphant first leg of Ms. Swift’s Eras Tour, a career-spanning production that broke records in North America. As the tour’s second show in Rio de Janeiro approached on Sunday night, fans grappled with ruined travel plans, extreme heat and disappointment.

Persons: Taylor Swift, Swift, Anne Di Motta Organizations: Sunday Locations: Brazil, Rio de Janeiro, North America, São Paulo

☆ Brazil's Americanas rushes to produce new financials, strike deal with debt holders
▼ + stars: | 2023-06-22 | by ( Carolina Pulice | ) www.reuters.com time to read: +3 min

Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some $4 billion, in accounting fraud, is now negotiating changes in the plan to win over debt holders who have previously indicated they would reject it. Americanas said in a securities filing it expected to disclose its previous financial information by August 31. With almost 11 billion reais ($2.31 billion) in Americanas debt in hand, the debt holders are considering demanding smaller haircuts than the roughly 70% the restructuring plan calls for and additional compensation for their losses, according to two sources close to the matter. "Most of the (debt) can't be converted into shares - for pension or credit funds, there are legal restrictions, said Adriano Casarotto, a credit manager at Western Asset which holds 300 million reais in Americanas debt. In a statement, Americanas said it remains "committed to its creditors" to build a consensus on its recovery plan and that is still subject to adjustments.

Persons: Americanas, Leonardo Coelho, Adriano Casarotto, Carolina Pulice, Anthony Esposito, Diane Craft Organizations: MEXICO CITY, Americanas SA, Americanas, Western, Thomson Locations: MEXICO

☆ Powerful Brazilian lawmaker orders Americanas accounting probe
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, April 26 (Reuters) - The head of Brazil's lower house authorized on Wednesday the creation of a committee to investigate Americanas (AMER3.SA), the retailer at the center of a nearly $4 billion accounting scandal. Arthur Lira gave the green light to create the so-called CPI committee, which will include 27 federal lawmakers appointed by party leaders, the lower house said in a statement posted on its website. The legislative leader's decision comes months after accounting inconsistencies were revealed that forced the firm into bankruptcy. Last month, Americanas' former CEO Sergio Rial spoke at a Senate hearing about the retailer's financial meltdown. The current CEO, Leonardo Coelho Pereira, and the president of Brazil's banks federation Febraban, Isaac Ferreira, also attended.

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