Alessandra Bastos
Reporter - Agência Brasil

Brasília - Advertising executive Marcos Valério is taking the PT to court to recover the US$ 38.60 million (R$ 93 million) that the party supposedly owes him. Two suits were filed on Friday (19) in São Paulo by João Manuel Martin, one of Valério's lawyers.

The first suit, according to Martin, was filed in Valério's name, demanding repayment of US$ 190.95 thousand (R$ 460 thousand), referring to an unpaid installment of a loan made to the party, with Valério as cosigner, in 2004. The installment was worth US$ 145.28 thousand (R$ 350 thousand) at the time.

The second suit was filed in name of the firms SMP&B and Graffiti. In this instance, Valério is charging the PT slightly over US$ 38.19 million (R$ 92 million). According to his lawyer, the entrepreneur is claiming that, in name of the two firms, he borrowed US$ 22.83 million (R$ 55 million) from banks at the request of the PT. In terms of updated values, the debt is now estimated to be worth a little over US$ 38.19 million (R$ 92 million).

Translation: David Silberstein