Brazil's Meirelles faces fraud probe

Brazil's Supreme Court has authorised a criminal investigation against Henrique Meirelles, the country's central bank chief, over alleged tax fraud and misdemeanours against the financial system.

Federal public prosecutors, who requested the investigation, say Mr Meirelles' personal wealth was incompatible with the tax returns he has filed since 1996. They also charge him with electoral fraud.

Mr Meirelles was elected to Congress in 2002 and was then appointed to head the central bank by Presid