US EditionBrazil’s crackdown on criminal links to fuel supply chain nets $220M in assets
Brazilian authorities seized $220 million and froze assets in a crackdown on fuel sector fraud linked to the First Capital Command crime syndicate, involving over 1,000 gas stations.
- Brazil seized around $220 million in assets linked to a criminal network involved in a money laundering scheme related to the fuel sector and investment funds.
- Officials executed 14 search warrants and 14 arrest warrants, resulting in 5 arrests, in one of Brazil's largest operations against organized crime.
- The investigation uncovered 40 investment funds worth around $5.5 billion allegedly used by criminal groups to hold assets like gas stations and ethanol plants.
22 Articles
22 Articles
Brazilian Police Seize $220 Million in Assets in Crackdown on Money Laundering
Brazilian police and tax authorities carried out raids on Aug. 28, and said they had seized 1.2 billion reais ($220 million) in assets they believe are owned by one of the country’s biggest organized crime groups, the Primeiro Comando da Capital (PCC) or First Capital Command. Brazilian federal officials executed 14 search and seizure warrants and 14 preventive arrest warrants during a nationwide investigation into a money laundering network tar…
Brazil's crackdown on criminal links to fuel supply chain nets $220 million in assets
Officials executed 14 search and seizure warrants and 14 preventive arrest warrants, resulting in five arrests, in what Justice Minister Ricardo Lewandowski said was one of the largest operations against organized crime in the country’s history.
Rio De Janeiro, Brazil. Multimillion dollar sums laundered through gas stations and placed in financial institutions: Brazilian authorities beat organized crime in a mega-police operation on Thursday.The gigantic scheme of fraud and money laundering operated throughout the fuel production chain, including distributors, transporters, refining and storage, as well as in the gas station network and its stores, according to the authorities.The tenta…
Associated Press News
Brazil's crackdown on criminal links to fuel supply chain nets $220M in assets
Brazil has seized $220 million in assets linked to a criminal network. Following a nationwide investigation into a money laundering scheme involving investment funds and the fuel sector, officials on Thursday executed 14 search and seizure warrants, resulting in five arrests.
Brazil’s Biggest Crime Raid Exposes Fuel Fraud and Financial Laundering at Heart of Economy
Brazilian authorities carried out the country’s largest operation against organized crime, targeting a vast scheme that linked the fuel market to financial firms in São Paulo’s financial district. Federal Police, tax agencies, and prosecutors executed 200 search warrants across ten states with the help of 1,400 agents. The investigation revealed how criminal groups tied to […]
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