US EditionBrazilian police crack down on $4.8B tax evasion and money laundering scheme
Authorities executed 126 warrants across five states targeting a scheme laundering $4.8 billion through fuel sector companies and U.S. offshore funds, officials said.
- Brazilian police initiated a crackdown on a massive tax evasion and money-laundering scheme in the fuel sector on Thursday, involving significant resources.
- The group under investigation is Brazil’s largest tax debtor, owing over 26 billion reais, approximately $4.8 billion, to authorities.
- Authorities executed 126 search and seizure warrants across five states as part of this operation.
- Investigations revealed that the organization used various entities, including offshore companies, to conceal profits.
17 Articles
17 Articles
Brazilian Police Crack Down on $4.8B Tax Evasion and Money Laundering ...
By GABRIELA SÁ PESSOA SAO PAULO (AP) — Brazilian police launched an operation Thursday to dismantle a tax evasion and money laundering network in the fuel sector. The group under investigation is the country's largest tax debtor, owing more than 26 billion reais ($4.8 billion), authorities said. Local and state authorities are carrying out 126 search and seizure warrants against individuals and companies in five states. According to Brazil's Fed…
By GABRIELA SÁ PESSOA SAO PAULO (AP) — Brazilian police launched an operation Thursday to dismantle a tax evasion and money laundering network in the fuel sector. The group under investigation is the country's largest tax debtor, owing more than 26 billion reais ($4.8 billion), authorities said. Local and state authorities are carrying out 126 search and seizure warrants against individuals and companies in five states. According to Brazil's Fed…
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