As a result, the former president privately sold off the "national gift" of the president | jewelry | national gift
According to a police investigation released by a Brazilian judge on August 11th, former Brazilian President Bosonaro sold at least four sets of jewelry he received as a national gift during his visit to Arab countries in the United States, according to a report by Efi.
According to reports, the police investigation results released by the Supreme Court of the Brazilian Federation showed that Bosonaro took advantage of the opportunity to leave Brazil for the United States on December 30, 2022, and without declaration, brought out the "highly valuable" jewelry he received due to his official duties.
These jewelry are sent through intermediaries to luxury stores in Miami and New York for valuation and sale.
The investigation report pointed out that "the proceeds from selling these jewelry were exchanged for cash and transferred to the former president's personal assets through intermediaries without using the formal banking system, with the aim of concealing the source, location, and ownership of these funds.".
Later, when the scandal was exposed by the media, Bosonaro's assistants bought back most of the jewelry and then handed it over to the Brazilian government in accordance with the requirements of the Brazilian Federal Court of Audit.
The report indicates that at least one national gift has not yet been handed over to the Brazilian government: a Rolex watch. This watch was sold in the United States for $68000, but it never appeared in the gift declaration received by Bosonaro due to his official duties, and he should have registered it as national property.
The report states that the proceeds from the sale of these jewelry were deposited into the bank account of the former president's confidant, Mauro Sid. Sid traveled to the United States with Bosonaro in December last year. The survey shows that these jewelry were sold by Sid.