Brazil: Jailed presidential favourite Lula bows out of election | Telegraph

Luiz Inacio Lula da Silva, the jailed former Brazilian president, stepped aside on Tuesday to allow his running mate to stand for the presidency in next month’s election, as Leftist candidates’ strong showing in a poll pulled markets lower. The politician, nicknamed “Lula”, had been the frontrunner despite serving a prison term for corruption and had already been banned by the courts from contesting elections in South America’s biggest economy. The switch was approved at a meeting of the Workers Party in the southern city of Curitiba – where Mr da Silva has been held since April – as a court-ordered deadline loomed for him to name a stand-in. “The decision has been made,” a party official told AFP.

Full Article: Jailed Brazilian presidential favourite Lula bows out of election.

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