Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World

Brazil Police Target Network That Siphoned Billions From Fuel Sector

Police raided Sao Paolo's Faria Lima Avenue, where many financial institutions are headquartered (Credit: AFP)

Brazilian police launched a mega operation in several states Thursday to crush a criminal network that sold adulterated fuel to clients and concealed billions of dollars in earnings in cahoots with financial companies, officials said.

The group allegedly laundered money for the First Capital Command (PCC), one of the country's most powerful gangs engaged in cocaine trafficking from South America to Europe, according to prosecutors.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.