World

Former Brazil leader Lula gets nearly 10 years in jail for graft

The court's decision was "likely to give a near-term boost to Brazilian markets" said Capital Economics, an economic analysis firm.

13.07.2017

(AFP) Brazil's former president Luiz Inacio Lula da Silva was sentenced to nearly 10 years in prison for graft in a stark fall from grace for the leftist leader.

Lula, who ruled Brazil from 2003-2010, was convicted and handed a 9.5-year prison term on Wednesday for accepting a luxury seaside apartment and $1.1 million (€960,000), the latest twist in a giant corruption probe engulfing Latin America's largest economy.