Mar 5 • 20:08 UTC 🇧🇷 Brazil Folha (PT)

Businessman cited in investigation of the president of FPF claims confusion and fears for security

Otávio Corrêa Alves, a businessman involved in a corruption investigation regarding the president of the FPF, asserts that there has been a misunderstanding related to a contract linked to the inquiry.

Otávio Corrêa Alves, the owner of Grupo Milclean, has responded to allegations stemming from an investigation focused on Reinaldo Rocha Carneiro Bastos, the president of the Federação Paulista de Futebol (FPF). He claims that the interpretation of the sales contract for his company has led to confusion, notably because of the phrase 'moeda corrente' used in the document, which he explains refers to the local currency, the Brazilian real, rather than cash payments. This nuance is critical in the ongoing inquiry which was opened by the 23rd District Police in Perdizes on January 23rd, aimed at examining allegations of ideological falsehood and potential financial crimes linked to the FPF president.

The investigation was initiated following information provided by the Public Ministry concerning the financial evolution of Bastos's wealth, particularly highlighting a notable transaction from 2021. In this transaction, Bastos sold his stake in Milclean for 15.5 million reais, of which approximately 11.5 million is reported to have been made in cash. However, Alves contests these claims, arguing that there were no cash transactions at all, and emphasizing that any implications regarding illegal financial conduct ought to be scrutinized accurately to validate the integrity of the involved parties.

As the investigation unfolds, concerns about security have arisen for Alves, who feels threatened by the public scrutiny and potential consequences of his relationship with Bastos. His insistence on the contractual misunderstanding highlights the intricate nature of business dealings in Brazil, where legal interpretations can have severe repercussions for all involved. The case emphasizes the need for clarity in business transactions and the potential for allegations in high-stakes environments like professional sports management.

📡 Similar Coverage