Brazil's top prosecutor alleged that some members of the Workers Party, including Lula and Rousseff, committed a series of crimes involving state-owned oil firm Petrobras such as cartel formation, corruption and money laundering.
Judge Sergio Moro said the asset freeze was in response to the charge that Lula accepted a bribe of a luxury beachside apartment and $1.1 million in cash from one of Brazil's biggest construction companies, Odebrecht SA.
The move by the congressional committee is largely symbolic as the decision to suspend Temer and put him on trial rests with the full lower house, which is scheduled to vote on the matter August 2.
Under Brazilian law, the lower house of Congress must now vote on whether to allow the tribunal to try the conservative leader, who had replaced impeached leftist President Dilma Rousseff just last year and is now charged with accepting bribes.
The ruling will not end a political crisis dogging president Temer, who is being investigated separately by federal prosecutors for corruption.
Brazilian president Michel Temer, who replaced Dilma Rousseff when she was impeached last year, is being probed for alleged corruption, racketeering and obstruction of justice.
The news could not have come at a better time for Brazilian President Michel Temer, who is battling a corruption scandal.
Thousands poured into Brazil's capital city demanding that the country's president step down because of numerous corruption scandals associated with his administration.
Violence erupted after thousands of protesters took to the streets across the country and clashed with police. President Michel Temer is accused of authorising bribe payments to allegedly silence a jailed former party ally.
Brazilians were protesting a series of reforms the center-right government says are needed to save Latin America's biggest economy from further damage after more than two years of deep recession.
In an interview with TRT World, the former president of Brazil defends Dilma Rousseff, his protege, who was impeached in August. He also questions the elevation of Michel Temer to the presidency – and hints that he may run for another term.
Brazilians are angered and holding protests in Rio de Janeiro against a government plan to put limits on public spending.
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