Business

Almost half of the shares of Eucatex Company go to auction

Condemned of money laundering and imprisoned at home, former governor Paulo Maluf transferred funds that came out of public works and ended up in shares of his family’s company, Eucatex. An international collection action by the Municipality of São Paulo to recover about $230 million attributed to Paulo Maluf will result in the auction of almost half of the shares of Eucatex, a flooring and laminates company of the former governor’s family.

Source: Infomoney