Court freezes R$ 38 million of Cabral's money in an investment fund.
After a first failed attempt to freeze the money of former Rio governor Sergio Cabral, when only R$ 454 were found in his bank accounts, the State Court managed to access R$ 38,5 million belonging to the politician, which was in an investment fund. A decision by Judge Marcelo da Costa Bretas, of the 7th Federal Criminal Court of Rio, reveals previously unknown assets of Cabral, who has been imprisoned since November in Operation Calicute. The amount was discovered after the Council for the Control of Financial Activities (Coaf) sent the information to the Federal Public Prosecutor's Office (MPF). In the last election he ran in, in 2010, in which he was re-elected governor of Rio, Cabral had declared a total of R$ 843 in assets.
Rio 247 - After a first failed attempt to freeze the assets of former Rio governor Sergio Cabral, when only R$ 454 were found in his bank accounts, the State Court managed to access R$ 38,5 million belonging to the politician, which were in an investment fund. A decision by Judge Marcelo da Costa Bretas, of the 7th Federal Criminal Court of Rio, published late Thursday afternoon, reveals previously unknown assets belonging to former governor Sérgio Cabral, who has been imprisoned since November in Operation Calicute. According to Bretas, the amount was discovered after the Council for the Control of Financial Activities (Coaf) sent the information to the Federal Public Prosecutor's Office (MPF). In the last election he ran in, in 2010, in which he was re-elected governor of Rio, Cabral had declared a total of R$ 843 in assets.
The information is from Report by Ruben Berta in O Globo.
"In his decision, the magistrate determined that the money should remain frozen because the amount blocked so far in the process “has not reached the maximum value determined” in a previous ruling, from November of last year, when Operation Calicute was launched. Investigators suspect that the group linked to the former governor embezzled approximately R$ 224 million from public funds. O GLOBO attempted to contact the Public Prosecutor's Office and Cabral's defense, but received no response."
The emergence of Cabral's multi-million dollar fund is surprising because, last November, in another case related to Calicute, which is being processed in Curitiba, the Central Bank (BC) had informed Judge Sérgio Moro that it had found only R$ 454 in the former governor's accounts. The data was obtained through a computerized system that serves the Judiciary, known as Bacenjud.
In the last election he ran in, in 2010, in which he was re-elected governor of Rio, Cabral had declared a total of R$ 843 in assets. In other words, to reach the R$ 38,5 million now found in the fund, the former governor would have needed to have multiplied his assets by more than 45 times in the last six years. In the 2006 elections, Cabral had declared R$ 647,8. In the four years that separated the two elections, he officially increased his assets by only R$ 200.