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U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

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Brazil

Bribery Probe Into Brazilian President Michel Temer Has Been Sent to the Top Prosecutor

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June 23, 2017, 2:32 AM ET
Russian President Vladimir Putin Receives Brazilian President Michel Temer At The Kremlin
Brazilaian President Michel Temer speaks during his meeting at the Grand Kremlin Palace on June 21, 2017 in Moscow, Russia.Mikhail Svetlov—Getty Images
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A justice at Brazil’s Federal Supreme Court has delivered to the country’s top prosecutor the bulk of an investigation into allegations that President Michel Temer took bribes in exchange for political favors doled out to meatpacker JBS (JBSAY).

The office of Justice Edson Fachin said it sent a copy of the probe to Prosecutor-General Rodrigo Janot on Thursday, who will have five days to lodge formal charges against Temer. Under Brazilian law, the probe has to be overseen by Fachin, who approved the graft probe into Temer in May.

The allegations are based on plea-bargain testimony from members of the family that controls JBS, who said they paid Temer at least $4.6 million in bribes since at least 2010 to help win lucrative government contracts, resolve massive tax disputes with the government and help obtain free loans from state development bank BNDES.

For more about Brazil, watch Fortune’s video:

The five-day deadline stems from the potential expiration of the preventive detention of a former Temer aide who was accused of receiving bribes on behalf of the president.

Temer has repeatedly denied any wrongdoing. Efforts to contact Temer‘s lawyer for comments were unsuccessful.

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