Central Banking

Brazil's Meirelles given cabinet status

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The president of the Central Bank of Brazil, Henrique Meirelles, has been granted cabinet status in a further development to allegations of his financial misconduct by the national press.

The president of the bank had earlier refused to follow one of his subordinates in resigning over accusations of tax evasion printed in magazines IstoE and Vesta, which both men deny.

Cabinet status and the legal protection it brings would make it much harder for prosecutors to bring any charges against Mr

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