Brazil Probes Alleged Money Laundering on Sales to PDVSA: Rtrs
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PDVSA VC (Petroleos de Venezuela SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Brazilian police launched on Monday an operation involving possible money laundering by the agricultural arm of PDVSA through imports of agricultural equipment from Brazil, Reuters reports, citing unidentified authorities.
- Scheme has been under investigation for three years
- Venezuela’s Tracto America bought agricultural equipment from Brazil’s America Trading, and sold to PDVSA at inflated prices, Reuters cites police
- Extra money was distributed to front companies, with some landed in accounts in Brazil but mostly abroad in Panama, U.S. and Switzerland among other countries
- Owner of Tracto America was arrested in Madrid with Interpol’s help and also under investigation in Venezuela for foreign exchange crimes and smuggling
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
PDVSA VC (Petroleos de Venezuela SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283