Renan Santos, the founder of MBL, declared R$ 795 million of financial holdings to the Brazilian Electoral Court. Santos is entering the presidential race, adding to the political landscape as Brazil's election heads to a runoff between Flávio Bolsonaro and Lula. The declaration comes as part of Santos' political strategy, following latest disclosures about his financial assets. The runoff election is set to take place in the coming weeks.
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