Former Brazil bank chief faces accusations

BRAZIL - The Brazilian government is now confronting accusations that a former president of the Brazilian central bank sold information to private bankers just before a large currency devaluation two years ago.

The former bank president, Francisco Lopes, is alleged to have received at least $1.6 million from a secret arrangement with private bankers. Lopes was in charge of the bank when the Brazilian government decided to abandon a fixed exchange rate for the Brazilian currency, the real, in J

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