After an agreement signed with the São Paulo Public Prosecutor’s Office and the São Paulo City Hall, Banco BTG and Eucatex, a Maluf family company, returned the amount of R$ 152 million to the municipal coffers. According to the Public Ministry, the amount was deposited on Wednesday (19). From BTG Pactual, the city of São Paulo received the equivalent of US$ 30.8 million. From Eucatex, the amount received by the city hall was US$ 7.2 million. Converted into reais, this sum would exceed R$ 152 million. As a result, the Maluf family lost more than a third of the Eucatex company, transferring the shares to BTG Pactual. The Public Ministry estimates that former congressman Paulo Maluf embezzled more than US$300 million in public funds during the period in which he was mayor of São Paulo (1993-1996). According to the promoters, most of the money came from the works on Avenida Água Espraiada, currently Roberto Marinho, and the Ayrton Senna Tunnel. The money embezzled from the city hall was sent to banks abroad. Part of this amount returned to Brazil and entered the Eucatex coffers as an investment in the company. Actions proposed by the Public Prosecutor’s Office ask Maluf and his family to pay compensation and reimburse the city of São Paulo for the damage caused. According to the Public Ministry, in addition to the amount paid today, two more judicial deposits totaling R$ 35 million will soon be released. In addition, BTG will still have to pay another US$ 23 million in terms of expenses and court costs set in court in the Island of Jersey and in the British Virgin Islands. History Of the total amount of money diverted, the Public Prosecutor’s Office and the City Hall had already recovered US$ 55 million through four agreements signed with international banks between 2014 and 2017. US$ 8.4 million had also been repatriated. The Maluf family also had to pay procedural fines to the city of São Paulo. By means of a note sent to the report, the Attorney General’s Office of the Municipality confirmed having received the amount of the deposit made today and said that the resources “will be incorporated into the budget of the city of São Paulo and destined for the maintenance and expansion of public services in areas such as health, education, social assistance and housing, among others”. Agência Brasil also sought out the BTG bank to comment on the return of that money, but so far it has not received a response. The former mayor’s office could not be reached for comment.
Agência Brasil
Folha Nobre - Desde 2013 - ©