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3 months ago
BNDES head exit not political, Brazil economic team to stay put -official
May 26, 2017 / 8:17 PM / 3 months ago

BNDES head exit not political, Brazil economic team to stay put -official

BRASILIA, May 26 (Reuters) - The resignation of Maria Silvia Bastos as the head of Brazil's BNDES was not politically motivated but she had lost control of the state development bank amid accusations from employees she did not defend their interests, a senior government official familiar with the matter told Reuters.

Bastos, who resigned alleging personal reasons on Friday, had launched a series of internal investigations into past loans over allegations of corruption. The official, who asked for anonimity to speak freely, said her resignation does not signal other departures from the economic team. (Reporting by Alonso Soto; Editing by Daniel Flynn)

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