Lula’s Minister multiplies assets 30 times since 2006 and accumulates almost R$ 80 million

The Minister of Mines and Energy, Alexandre Silveira, has multiplied his assets 30 times since 2006 and accumulates around R$ 79.1 million. Silveira stressed that his assets are the result of “more than 30 years of entrepreneurship” and was declared. The survey was released on Monday (26) by the UOL portal.

Most of the assets, mainly real estate, are in the name of companies controlled by the minister. In 2006, when he was elected for the first time as federal deputy for Minas Gerais, Silveira and his companies had assets worth R$1.035 million (or R$2.6 million, as adjusted by the IPCA).

In the 2022 elections, the minister declared to the Superior Electoral Court (TSE) that he had assets worth BRL 8.5 million. The largest share of its assets was not declared to the Electoral Court in the last elections, as it is linked to its holding company, Solidez Participações. Holding is used for better tax or succession planning and is not illegal.

“Everything I have is on my Income Tax and is declared in the Electoral Court, as determined by current legislation. Anyone who has been in public life for more than 20 years must have their entire assets in the Electoral Justice”, said the minister to UOL.

Solidez Participações owns shares in construction, agriculture and consulting companies that are indirectly owned by Silveira. Formally, it is managed by a cousin of the minister. Silveira told the TSE that he owned shares in Solidez and a franchisor of health benefit cards, which he says did not work out.

“I do not own any hidden asset, that is, that has not been declared before the Federal Revenue of Brazil. All the properties that are owned by the companies are declared in their name before the Federal Revenue of Brazil. name, Alexandre Silveira de Oliveira, are also declared in my Income Tax”, said the minister.

The survey was based on 1,254 public documents, obtained from notary offices and real estate offices in three states, commercial boards, city halls and courts of law, UOL reported.