Brazil's Temer charged with corruption

Only 7% Brazilians still support Temer amid corruption allegations

He accused Janot of seeking "revenge, destruction and vengeance" with the indictment.

The chief prosecutor, Rodrigo Janot on Monday evening charged Brazil's President, Michel Temer with corruption. "I say without fear of being wrong that the accusation is fiction".

But Janot's decision to separate the charges, filing them piecemeal, could drag out the crisis and weaken Temer's base, making congressional approval for a trial more likely.

"Maybe the millions in fees received weren't only for the trusted aide, but ... We also have ideas on establishing cooperation in remote Earth sensing", Putin said after his meeting with Temer.

The request from the Prosecutor's Office must receive approval from two-thirds of Congress - 342 out of 513 - which could leave the country temporarily without a president. He has also indicated he will file more charges, promising an extended legal assault against Mr Temer that could bleed the president's support away in Congress.

In recent years, Brazilian politics has been marred by scandals and corruption charges. That the president might have been soliciting bribes at the same time that the judiciary was jailing politicians almost every week spoke to incredible audacity and seemed to dash hopes that the Car Wash probe would put the fear into the country's leaders and put an end to a culture of corruption.

The real dropped 0.9 percent in morning trading amid a broader sell-off in the emerging currency market. That house would then decide if he should stand on trial.

However, lawmakers plan to block the two-thirds majority needed to hold a trial in support of the conservative president. Temer is alleged to be heard discussing cash bribes to Eduardo Cunha, the former speaker of the House, who is now in prison over the Petrobras scandal. The president has repeatedly denied wrongdoing.

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The Attorney-General's Office accuses Temer of passive corruption, asks that he loses office and has to pay 10 million BRL as a fine. "In that case, there will be defections, and colleagues may start to move against Temer".

The Eurasia Group risk consultancy said there was still a 70 percent chance of Temer lasting to the end of his term through 2018.

Michel Temer, who served as Vice President of Brazil under former President Dilma Roussef in 2011-2016, took office as President of Latin America's largest country on August 31, 2016.

Associated Press journalists Peter Prengaman, Mario Lobao and Renata Brito in Rio de Janeiro contributed to this report.

The iShares MSCI Brazil Capped exchange-traded fund (EWZ) fell 0.3% after hours, but had outpaced the iShares MSCI Emerging Markets ETF (EEM) substantively in regular trading Monday with a rise of almost 3%.

Brazilian President Michel Temer reacts during a credentials presentation ceremony for several new top diplomats at Planalto Palace in Brasilia, Brazil June 26, 2017.

In a further sign of Temer's weakening position, an important figure in his ruling coalition, former president Fernando Henrique Cardoso, called earlier on Monday for him to step down and help Brazil hold new elections.

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