Financial Crime Financial Crime

Sao Paulo business executive arrested over alleged fraud scheme targeting Brazilian banks

By Caio Rinaldi
  • 20 Aug 2021 15:00
  • 20 Aug 2021 15:55
A 62-year-old business executive from São Paulo has been arrested by the Brazilian federal police for allegedly leading a scheme that defrauded the country’s financial system, including Brazil's public bank Caixa. He also laundered more than 2.5 billion reais ($478 million).

Yesterday, federal police agents acted on the arrest warrant and four search-and-seizure

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News