Cabral received so many bribes that money launderers in Rio de Janeiro couldn't keep track of it.
Former Rio de Janeiro governor Sérgio Cabral, arrested two months ago in Operation Calicute, received so much in bribes during his years in office that the Rio de Janeiro money launderers couldn't handle it and had to call for reinforcements from other states. In investigating the multi-million dollar corruption scheme attributed to former Rio governor Sérgio Cabral (PMDB), Operation Efficiency revealed that the bribes collected by the criminal organization created a veritable 'ocean' of assets for the PMDB politician and his allies, not yet fully traced by the authorities. It is estimated that Cabral may have received US$100 million.
Rio 247 - Former Rio de Janeiro governor Sérgio Cabral, arrested two months ago in Operation Calicute, received so much in bribes during his years in office that the Rio de Janeiro money launderers couldn't keep up and had to call for reinforcements from other states. In investigating the multi-million dollar corruption scheme attributed to former Rio governor Sérgio Cabral (PMDB), Operation Efficiency revealed that the bribes collected by the criminal organization created a veritable 'ocean' of wealth for the PMDB politician and his allies, not yet fully traced by the authorities. It is estimated that Cabral may have received US$100 million.
The information is from Fausto Macedo in the State of S.Paulo.
"The volume of illicit money moved by Cabral during his time as governor of Rio (2007 to 2014) was so large that even his associates couldn't launder it and had to ask other money launderers for help."
Investigations indicate that Cabral maintained offshore accounts containing illicit funds since 2002, when he was a congressman, and that he had three main operators over time – Sérgio Castro de Oliveira, known as 'Serjão' or 'Big', Carlos Emanuel Miranda, and Luiz Carlos Bezerra. All three are in prison.
Brothers Renato and Marcelo Chaber, who work in the financial market and managed Cabral's overseas accounts, entered into a plea bargain agreement approved by Judge Marcelo Bretas of the 7th Federal Court of Rio, and reported to prosecutors that Cabral had been moving money abroad since at least 2002. According to them, difficulties in obtaining the money in cash began to arise from 2007 onwards, when the politician became governor of Rio.
According to the Public Prosecutor's Office, from 2002 to 2007, a period in which Cabral was a state deputy and senator, his scheme allegedly transferred US$6 million to accounts managed by Renato Chebar abroad – a total of nine accounts in five countries: Switzerland, Luxembourg, Bahamas, Uruguay, and Andorra.
According to the Federal Prosecutor's Office, the amount accumulated by Cabral during that period "is nothing compared to the surreal sums amassed by the former governor in the following years (2007-2014), during his tenure as Governor of the State of Rio de Janeiro, when he managed to accumulate more than US$ 100 million." So far, the Federal Public Prosecutor's Office has managed to repatriate approximately R$ 270 million.