Osmar Stabile charged by prosecutors over Corinthians funds | OneFootball

Corinthians president Osmar Stabile has been charged by the São Paulo State Public Prosecutor’s Office (MP-SP) with embezzlement in an investigation related to the hiring of Bear Security. According to the accusation, around R$ 721,000 belonging to the club was allegedly used to pay for personal security services for the executive.

In addition to the opening of a criminal case, the Public Prosecutor’s Office submitted a series of requests for precautionary measures against Stabile to the courts, including his removal from the Corinthians presidency. So far, however, the requests are part of the indictment and still depend on a court decision. Therefore, Stabile remains in office unless the courts rule otherwise.

Photo: Rodrigo Coca/Agência Corinthians

The document also requests asset-related measures that, taken together, amount to approximately R$ 1.26 million, considering the sums cited by the MP for reimbursement and compensation to Corinthians.

MP points to payments exceeding R$ 721,000

According to the indictment, which Meu Timão says it had access to, the Public Prosecutor’s Office argues that R$ 721,194.66 from Corinthians’ coffers was paid to Bear Security in 16 payments made between July 2025 and August 2026. The installments allegedly ranged from approximately R$ 33,000 to R$ 65,000.

The prosecution believes the contracted services served Stabile’s personal interests and therefore classifies the case as possible misappropriation of funds belonging to Corinthians.

The investigation also raises questions about how the relationship between the club and the company was established. According to the document, the agreement allegedly operated verbally during the first months and was only formalized by contract in March 2026, after authorization from the compliance department.

Another point raised by the Public Prosecutor’s Office concerns the club’s internal hiring rules. The indictment states that the multiple budget quotes required by the club’s bylaws allegedly did not take place.

According to the accusation, Bear Security was founded in January 2025. Information gathered during the investigation is also used by the MP to argue that the invoices issued by the company were sequentially addressed to Corinthians.

Public Prosecutor’s Office requests Stabile’s removal

Although it considers pretrial detention an extreme measure, the Public Prosecutor’s Office requested other restrictions while the case is being analyzed. Among the requests submitted to the courts are the precautionary removal of Osmar Stabile from his associative duties and from Corinthians’ institutional representation, as well as a ban on entering club facilities and on contacting witnesses and officials involved in the case.

The indictment also requests that the president be barred from leaving Brazil without judicial authorization and that trips within the country lasting more than eight days require authorization.

The argument presented by the MP for these measures is that Stabile’s continued presence in his roles could pose a risk of repetition of the alleged conduct or interference in the investigation.

Again, none of these requests, by themselves, mean the president’s immediate removal. It is up to the courts to review the requests submitted by the Public Prosecutor’s Office.

MP requests reimbursement and compensation to Corinthians

On the financial side, the indictment requests reimbursement of R$ 721,194.66, the amount that would correspond to the funds allegedly taken from Corinthians’ coffers in the episode involving Bear Security.

In addition, the Public Prosecutor’s Office is requesting compensation of approximately R$ 540,900 for damages caused to the club. Together, the financial requests come close to R$ 1.26 million.

The MP also requests that the criminal action proceed, with Osmar Stabile being formally summoned and witness testimony related to the investigation being taken.

The filing of the indictment opens a new legal front involving Corinthians’ current administration. At this point, the accusations represent the version argued by the Public Prosecutor’s Office and will still be subject to judicial review, with no conviction or final decision against Osmar Stabile.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.