Caixa ‘to return’ R$ 510 million to Corinthians if overcharge is proven | OneFootball

Caixa could be forced to repay money to Corinthians if an alleged overcharge on the financing is proven, a prosecutor has argued.

Record reports that Conserino even raised the possibility that the financing has already been settled, while Corinthians and Caixa currently put the outstanding balance at about R$ 640 million.

He bases his stance on article 940 of the Civil Code, which says anyone who charges more than is due must pay the debtor double the excess.

On that basis, if Caixa improperly charged R$ 255 million, the bank would have to return R$ 510 million to the club.

Any such outcome would first require confirmation of a miscalculation, then a lengthy court process.

Source: Meu Timao

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