Overview
- The Civil Police are investigating R$ 1.5 million in fragmented cash deposits into president Julio Casares’s account from January 2023 to May 2025, flagged in Coaf reports as smurfing.
- A separate police review targets 35 cash withdrawals totaling R$ 11 million from club accounts between 2021 and 2025, which banks classified as atypical; the club says it will present full accounting records.
- An impeachment request signed by 57 council members is active and requires an extraordinary Deliberative Council meeting to be called by January 22 for Casares to present his defense.
- Casares rejects stepping down and, through his lawyers, asserts all funds cited in the Coaf reports are lawful and supported by his financial records.
- Investigators also examine links to ex-director Mara Casares, whose expenses were paid via 104 bills from the president’s account and who is cited in probes of clandestine box sales at Morumbi.