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"The principle of a healthy democracy is that elections are held
and all involved accept its results," the letter said. Bolsonaro
has repeatedly said if the printed ballots system is not
adopted, the 2022 elections would not be held. On Wednesday, he
threatened to react to a Supreme Court probe into his conduct
"acting beyond the constitution".
Without citing the president, the letter said: "Brazilian
society is guarantor of the constitution and will not accept
authoritarian adventures".
The letter's signatories included Roberto Setubal and Pedro
Moreira Salles, large shareholders and co-chairmans in Itau
Unibanco Holding SA, Luiza and Frederico Trajano, controlling
shareholders in Magazine Luiza, Pedro Passos and Guilherme Leal,
shareholders in Natura & Co Holding, Carlos Jereissati,
shareholder in mall operator Iguatemi and bankers such as Credit
Suisse's CEO in Brazil Jose Olympio Ferreira and Lazard's
Chairman Jean Pierre Zarouk. Walter Schalka, CEO of pulpmaker
Suzano, also signed the letter.
The letter was also signed by economists, diplomats and
representatives of civil society.
On Wednesday, Bolsonaro raged against a Supreme Court
investigation into the unfounded accusations that Brazil's
electronic voting system is vulnerable to fraud. Critics say
Bolsonaro, like former U.S. President Donald Trump, is sowing
doubts in case he loses in 2022. He has already threatened not
to accept the result if the system is not changed.
"Brazil is facing a sanitary, social and economic crisis of
large proportions. Thousands have lost their lives to the
pandemic and millions lost their jobs", the letter says, adding
that the only way to get out of the situation is through
democratic stability.
(Reporting by Tatiana Bautzer)
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