The money was found in a safe belonging to Pedro Calado, a businessman with close links to the mayor of Funchal.
This Thursday, the Judiciary Police found 500,000 euros in banknotes in a safe belonging to a businessman with close links to the mayor of Funchal, Pedro Calado, who was arrested during Wednesday’s raids.
The information is being reported by Correio da Manhã.
Pedro Calado has been arrested and may be suspended from his duties as mayor. He is due to travel to Lisbon on Thursday morning, where he will be heard by a judge who will decide on his coercive measures.
The mayor of Funchal is due to be taken to the Polícia Judiciária in Lisbon, where he will spend the night.
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