Rio de Janeiro's Public Prosecutor's Office sees indications that Senator Flávio Bolsonaro, the son of President Jair Bolsonaro, bought and sold real estate to launder money, the magazine reported Look this Wednesday. Between 2010 and 2017, while still a state deputy, Flávio invested 9.425 million reais in the purchase of 19 real estate, between rooms and apartments, and earned 3.089 million in these real estate transactions. In a confidential document obtained by the magazine, the prosecution, which has succeeded in breaking the bank and tax secrecy of 95 people and companies related to the senator, identified "suspicions of under-invoicing in purchases and over-sales in real estate". For the MP, fraud may have occurred to "simulate fictitious capital gains" in order to cover up "the illicit enrichment resulting from diversion of resources" from the Rio Legislative Assembly (ALERJ).
The real estate operations of Flávio Bolsonaro were disclosed by the newspaper Folha de S. Paulo in January last year, before the elections. Now, the MP says that these movements indicate that the office of the then state deputy has committed the crimes of embezzlement, money laundering and criminal organization.
The Court of Justice of Rio de Janeiro authorized Flávio's bank and tax secrecy breach on April 24. The Public Prosecutor of Rio de Janeiro investigates the suspicion that the president's son was recovering part of his salary, among them the late Fabrício de Queiroz, a practice popularly known as "cracked" or "Rachid." The senator, who unsuccessfully tried to stop the investigation in the Federal Supreme Court claiming privileged forum.
Prosecutors describe the excessive valuations that the real estate purchased by the president's son had in such a short time. For example, he bought an apartment in Copacabana on Prado Junior Avenue on December 27, 2012 for 140,000 reais. In February 2014, 15 months later, it sold for 550,000 reais, obtaining a profit of 292%. Another example: in November 2012, Flavio bought another apartment in Copacabana, Rua Barata Ribeiro, for 170,000 reais. A year later, it sold for 573,000, making a profit of 237%. In the same period, the real estate valuation in the neighborhood was 11%, according to the Fipezap index. The promoters point out that the declared values for the purchase were inferior to those of the market, while those of sale were superior.
Among the properties in the south of Rio there is also an apartment in Laranjeiras that, in only eight months, has been overvalued. Prosecutors question the senator's claim that the deal would have been made in cash, which would explain installments in his checking account that amounted to 96,000 reais.
Lastly, the MP identified that between December 2008 and September 2010, the president's son acquired ten commercial rooms in Barra da Tijuca, west of the capital of Rio de Janeiro, for 2,662 million reais. In October 2010, all of them were sold to MCA Exportação e Participações for 3,167 million reais. The buyer has, among its partners, Listel S.A., based in Panama, a tax haven. Prosecutors point out that the Financial Activities Control Council (COAF) sees "serious indications" of money laundering "to carry out real estate transactions involving legal entities whose members are domiciled in countries with favored taxation."
(t) 9 (t) 9 (t) million (t) (t) (t) (t) (t) (t) (t) to appear (t) to cover (t) gain (t) t (t) t) unlawful (t) be (t) deputy (t)