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Brazilian Business Community Tempers Support for Bolsonaro Amid Banker Controversy

FW Desk News

FreightWatch.News

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Saturday, May 23, 2026

Brazilian executives and investors are tempering their support for presidential candidate Flávio Bolsonaro following revelations about his association with a scandal-plagued banker. The pullback comes as Bolsonaro seeks financial backing in São Paulo, the nation's leading commercial center. Details of his relationship with the financier have prompted hesitation among key business figures. Business leaders have historically played a significant role in Brazilian presidential politics, making their retreat a notable setback for the candidate's fundraising efforts.

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