But with the panel drawn at 3-3, the TSE's president Gilmar Mendes cast the deciding vote, urging cool heads at a time of national turmoil.
Deposed Brazilian President Dilma Rousseff was elected on the same ticket as Michel Temer who rose from vice president to president on her impeachment.
It was alleged that Temer had used the illegal financing to secure a win in the 2014 presidential elections when he ran as Vice President and Dilma Rousseff as President. Brazil's top electoral court is preparing to vote on a decision that could force Temer from office.
People watch on a screen the session of the Superior Electoral Court, in Brasilia, Brazil, Friday, June 9, 2017. There are early hints the judges may absolve the president and his 2014 campaign of illegal contributions.
Prosecutor General Rodrigo Janot alleges that Temer agreed to payments of hush money to former lower house of Congress speaker Eduardo Cunha, who is in prison for corruption. Temer's office denied the Veja report, saying the Abin "acts in accordance with the objective for which it has been created".
The trial was the first of its kind in Brazil. The final two votes are expected to come in the next few hours. The electoral court was seen as one of the most immediate threats to Temer's mandate.
Odebrecht is under investigation for receiving billions of dollars in questionable contracts and giving bribes to politicians.
The campaign finance case was filed shortly after the 2014 presidential election by one of the losing parties.
The verdict spared recession-ravaged Brazil its second leadership crisis in 14 months, following the impeachment of leftist president Dilma Rousseff past year and her replacement by her then-vice president Temer. Temer took over the presidency past year after Rousseff was impeached and removed for illegally managing the federal budget.
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According to Veja, Temer's team is looking for a way to discredit Fachin - and thus hopefully sink the investigation.
Over four days of deliberations, the judges argued about whether those plea bargains should be considered in their decision. The exclusion of that evidence strengthened Temer's line of defense. "There are serious proven facts but not enough to annul the mandate". It could also have stripped both Rousseff and Temer of political rights for eight years.
Temer is likely to soon face separate charges for corruption and obstruction of justice in a case involving allegations of hush money paid to a potential witness in a massive graft scandal, sources have told Reuters.
"Even the rocks know that the political environment is contaminated".
"What we have to preserve here is the popular vote", he said.
Opponents will now get another chance to bring down Temer.
While Temer has survived another day, the future will be hard. It is very easy to talk about morality, fighting against corruption. In Mr Temer's case, he is accused of agreeing to pay hush money and taking bribes. The 76-year-old Temer remains in trouble.
Temer claims he can deliver major overhauls of labor laws and the country's pension system.
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