Maluf was also part of an extensive investigation, by a Parliamentary Inquiry Committee set up in 2003, regarding money laundering involving bank accounts held by him and his family in Jersey (one of the Channel Islands). He has been convicted of corruption multiple times, but only in 2001 was the sentence final, with no possibility of appeal. At the time, he was forced to pay approximately R$500.000 to the state. Many of his alleged crimes cannot be prosecuted, due to the nature of the Brazilian statute of limitations. Even if he were to be convicted, there would be serious questions about whether he would serve jail time, as he is over 70 years of age.