SAO PAULO/BRASILIA, Aug 5 (Reuters) – Hundreds of business leaders representing large Brazilian banks and other companies on Thursday published a letter titled “Elections will be respected,” in an apparent rebuke of President Jair Bolsonaro’s recent threats against the 2022 elections.

“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 a printed-ballot 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 “beyond the constitution.” read more

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-chairmen in Itau Unibanco Holding SA (ITUB4.SA), Luiza and…

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