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Bank CEO Defends Brazil Election, Says Democracy Has Prevailed

  • Bradesco’s Lazari says nation is ready to move forward now
  • ‘Intemperate’ individuals don’t represent the people, he says
Bradesco CEO Octavio de Lazari
Bradesco CEO Octavio de LazariPhotographer: Christopher Goodney/Bloomberg

Individuals protesting Brazil’s presidential election results are “intemperate” and don’t represent the Brazilian people, the chief executive officer of Latin America’s second-biggest bank said.

“Democracy in Brazil is very young but it prevailed, and the judiciary has been strong and effective in defending it,” Banco Bradesco SA CEO Octavio de Lazari Junior said in an interview at Bloomberg’s office in New York. “You may have a small complaint here, another there, but the election is resolved. Let’s go forward.”