HALISTER1: Bradesco CEO Indicted by Brazil Police on Zelotes Probe: Estado

Bradesco CEO Indicted by Brazil Police on Zelotes Probe: Estado

(Bloomberg) -- Bradesco CEO Luiz Carlos Trabuco and 2 other executives at the bank were indicted by federal police, O Estado de S.Paulo reports without saying how it got the information.
  • Indictments are on alleged corruption, money laundering, Estado says, without specifying which crimes refer to each executive
  • Bradesco didn’t immediately reply to Bloomberg’s request for comments by e-mail
  • Link to story
  • NOTE: First announced in March 2015, Zelotes is an investigation led by federal police, public prosecutor, tax agency and finance ministry’s internal investigations unit on alleged fraud in tax cases Link
  • NOTE from May 16: Brazil Police Indict 19 People in Zelotes Phase Linked to Gerdau Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BBDC4 BZ (Banco Bradesco SA)

People
Luiz Trabuco Cappi (Banco Bradesco SA)

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