Rio de Janeiro: A Brazilian court has accepted a formal charge of 184 accounts of money laundering against former Rio de Janeiro governor Sergio Cabral.<\/p>\n
Cabral has been in prison since November 2016 when he was arrested for another accusation. This is now his fourth indictment for corruption-related crimes.<\/p>\n
In Tuesday’s statement from the court, Cabral is accused of laundering 39 million reais ($12.6 million), Xinhua news agency reported.<\/p>\n
Ten others were also denounced for participating in the governor’s money laundering scheme, including Cabral’s wife Adriana Ancelmo.<\/p>\n
Last year, a police investigation found that Ancelmo’s jewelry collection alone amounted to over 6.5 million reais ($2.1 million) and that most of the pieces had not been included in the couple’s financial statements.<\/p>\n
Cabral is accused of making a fortune out of embezzlement and bribes in exchange for favouring companies in many construction projects for the 2014 FIFA World Cup and the 2016 Olympic Games here.<\/p>\n
As the governor suddenly grew rich, the state was drowning in debt.<\/p>\n
Cabral’s disastrous administration is widely regarded as the main reason why Rio de Janeiro had to declare a state of financial emergency in 2016.<\/p>\n
Cabral’s scheme is believed to have taken over 310 million reais ($100.4 million) from the state’s coffers, according to judicial authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rio de Janeiro: A Brazilian court has accepted a formal charge of 184 accounts of money laundering against former Rio de Janeiro governor Sergio Cabral.<\/p>\n
Cabral has been in prison since November 2016 when he was arrested for another accusation. This is now his fourth indictment for corruption-related crimes.<\/p>\n
In Tuesday’s statement from the court, Cabral is accused of laundering 39 million reais ($12.6 million), Xinhua news agency reported.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[35],"tags":[21379,466,11623,21380],"class_list":["post-33349","post","type-post","status-publish","format-standard","category-world-athletics-news","tag-adriana-ancelmo","tag-indian-sports-news","tag-rio-olympics","tag-sergio-cabral"],"yoast_head":"\n