Brazil's Candiota resigns, Meirelles to stay on

Luiz Candiota resigned as director of monetary policy at the Central Bank of Brazil on Wednesday 28 July following allegations in the press of tax evasion. Central bank president Henrique Meirelles has also denied allegations that he avoided paying taxes and said he would not resign.

Banco central do Brasil President Henrique Meirelles denied allegations, reported in the Brazilian newsmagazine IstoE, that he failed to pay Brazilian taxes while living in the United States in 2001.

In a report la