Overview
- Coaf reports obtained by UOL detail 35 small, structured cash deposits into Julio Casares’s personal account from January 2023 to May 2025, totaling R$ 1.5 million.
- Several deposits were recorded at R$ 49,000 and, on one day, 12 deposits were made, a pattern described as smurfing designed to evade automated financial triggers.
- Police confirmed an active investigation handled by a specialized unit after a 2023 bank alert, and the inquest proceeds under judicial secrecy with no public details on evidence or targets.
- A separate Coaf report flags 35 cash withdrawals from São Paulo FC accounts between 2021 and 2025 totaling R$ 11 million, mostly executed via an armored-car service and classified as atypical by banks.
- São Paulo FC says it will provide full accounting for the R$ 11 million and denies any link to the personal deposits, while Casares rejects resigning and his defense claims all funds have lawful origin; internal groups press for accountability measures.