Campaign: Argôlo almost triples spending limit
The congressman remains so calm and confident in his reelection campaign that he has almost tripled his estimated spending for this year's election compared to the 2010 race; he informed the Electoral Court that he could spend R$ 4 million this year; and it wasn't just the congressman's spending forecast that increased; according to his asset declaration to the TSE (Superior Electoral Court), the Bahia native's net worth now reaches R$ 1,5 million, R$ 396 more than what was reported in the last election.
Bahia 247 - Brazilian federal deputy Luiz Argôlo (SDD) from Bahia remains so calm and confident in his reelection campaign that he has almost tripled his estimated spending for this year's election compared to the 2010 race, according to a document submitted to the Superior Electoral Court (TSE).
The congressman informed the Electoral Court that he can spend up to R$ 4 million on his campaign this year. In 2010, the limit was R$ 1,5 million. Curiously, he declared expenses of only R$ 52,8 at the end of the campaign four years ago.
And it wasn't just Luiz Argôlo's projected expenses that increased in the last four years. According to his asset declaration to the TSE (Superior Electoral Court), the Bahia native's net worth now reaches R$ 1,5 million, R$ 396 more than what he reported in the last election.
Among the assets reported are three farms and a warehouse located in the municipalities of Cardeal da Silva and Entre Rios, one of his main electoral strongholds. His assets in the two cities total R$ 300, according to the congressman.
In Alagoinhas, the congressman's home base, he owns properties worth R$ 400. Argôlo also has partnerships with two companies, Malu Comercial de Automóveis and ML de Produtos Agrícolas. Argôlo does not own any cars and also possesses R$ 188 in cash.
Luiz Argôlo is facing two proceedings in the Ethics Committee of the Chamber of Deputies for his involvement with money launderer Alberto Youssef, arrested by the Federal Police in Operation Lava Jato and identified as the mastermind of a corruption scheme that allegedly laundered R$ 10 billion in Brazil.
According to a report by the Federal Police, Luiz Argôlo's office received R$ 120 while he was still a member of the Progressive Party (PP).
Argôlo was also facing internal proceedings within his new party, Solidariedade (SDD). However, the allegations were dismissed due to 'lack of evidence'.