Prominent São Paulo, Brazil, Politician/Businessman Maluf to Be Investigated for Corruption

On March 19, 2013, O Estado de São Paulo reported that Paulo Maluf, federal deputy and former Governor of the state of São Paulo, will be investigated by the Supreme Federal Tribunal (STF) for using personal monies to cover unreported campaign expenses. In his 2010 re-election campaign, preliminary investigations allege that Maluf failed to report roughly one-fifth (about R$160,000 of an R$800,000 campaign) of his campaign expenses, centered around the purchase of adhesive placards from Artzac, a São Paulo company. Maluf also faces money laundering charges on accounts he keeps in Jersey, a British island known as a tax haven to investors.  Read Article