Prison Awaits Brazil's Iconic Ex-President Lula After Court Loss

Source: Bloomberg

Brazils former President Luiz Inacio Lula da Silva faces time in prison after the Supreme Court rejected his request to appeal at liberty a 12-year prison sentence for corruption. Equity and currency markets rallied.

The nations top court early on Thursday rejected by 6-5 Lulas request for a preventative habeas corpus, removing the final legal hurdle to a prison order.

"Its a sad day for democracy and for Brazil," tweeted Gleisi Hoffmann, the president of Lulas Workers Party, after the decision.

The party said it would continue to defend Lulas candidacy for Octobers presidential elections, which the ex-president has consistently been shown leading in the polls.

Read more: https://www.bloomberg.com/news/articles/2018-04-05/brazil-top-court-rejects-lula-plea-paving-way-for-imprisonment

Brazil's Lula da Silva. Kangaroo courts don't like habeas corpus.