Brazilian police crack down on $4.8B tax evasion and cash laundering scheme

Brazilian police launched Thursday a police operation to dismantle a significant tax evasion and money-laundering scheme within the gasoline sector. The group underneath investigation is the nation’s largest tax debtor, owing greater than 26 billion reais ($4.8 billion), authorities mentioned. Native and state authorities are finishing up 126 search and seizure warrants concentrating on people and firms in 5 states. In response to Brazil’s Federal Income, the group used its personal corporations, funding funds and offshore entities to cover and protect income.



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