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Brazil presidential committee acquits ex-Caixa VP of influence peddling

Brazil's presidential committee on public ethics has voted to acquit Caixa Econômica Federal's former Vice President Deusdina dos Reis Pereira of an influence-peddling charge, Diário Comércio Indústria e Serviços reported.

Pereira was accused of negotiating 200 million Brazilian reais worth of investments by Caixa in Companhia Energetica de Minas Gerais, or Cemig, in return for a position at the power company.

The investigation purportedly found that, in 2015, Pereira sent a corporate email to Mauro Borges, Cemig's president at the time, notifying him of an upcoming vote by Caixa's board of directors on the credit operation.

The presidential committee decided that Pereira's email to Borges "would not be enough to set up an ethical infraction," the committee's president, Mauro Menezes, said.

Pereira was among Caixa's vice presidents who were dismissed after a corruption investigation in the bank. Pereira was in charge of government funds and lotteries.

As of Feb. 19, US$1 was equivalent to 3.23 Brazilian reais.