Federal Police Rule Out Money Laundering in Flávio Bolsonaro’s Deals

RIO DE JANEIRO, BRAZIL – The investigation by the Federal Police (PF) has established that there is no evidence that Senator Flávio Bolsonaro has engaged in money laundering and fraudulent misrepresentation in real estate negotiations. The information is from the newspaper “Folha de S. Paulo”. According to the newspaper, the PF is expected to submit the report with the inquiry’s findings to the court in the near future.

The PF inquiry investigates the development of President Jair Bolsonaro’s son’s assets. With different investigative goals, the findings of the police inquiry are distinct from those found so far by the Prosecutor’s Office on “splitting” – a practice in which employees kick back part or all of their salaries to the deputy’s office – when Flávio was a state deputy in the Legislative Assembly of Rio de Janeiro.

The Rio Prosecutor’s Office (MP-RJ) suspects that the senator has injected undeclared illicit funds totaling R$2.27 million (US$567,500) into the purchase of real estate and his chocolate shop. The senator denies that he has committed any crime.

According to the MP-RJ, the purchase and sale of apartments by the then state deputy and his wife Fernanda Bolsonaro show “clear” evidence of money laundering of part of the funds obtained illicitly through the kickback splitting scheme.

Investigating prosecutors point to “excessive profitability” in operations and payments in kind as evidence of money laundering.

Source: Exame

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