A month after the Attorney General passed on Paulo Maluf’s account details to Brazilian federal prosecutors, the Federal Republic of Brazil has been back in the Royal Court to claim civil disclosure so they can bring a claim to get the money back.
The Jersey accounts were frozen in 1999, and authorities in New York, France and Switzerland have already passed on information about Mr Maluf’s bank accounts and cash movements to investigators in Brazil.
Representatives for the republic, Citibank NA, Deutsche International Trust Corporation, Deutsche Bank International Trust Company (Jersey) Ltd and Deutsche Bank Ltd were in court on Thursday for the application to hand over information for the civil claim.
Prosecutors allege that Mr Maluf plundered £500m worth of public money when he was mayor of Sao Paulo between 1993 and 1996.
