SAO PAULO, March 16 (Reuters) - Brazilian authorities launched raids and issued a
SAO PAULO, March 16 (Reuters) – Brazilian authorities launched raids and issued a number of arrest warrants as a part of a probe to crack down on espresso trade corporations accused of evading taxes, based on an announcement from prosecutors within the state of Minas Gerais on Tuesday.
Massive espresso wholesalers and brokers in Paraná are allegedly implicated within the rip-off, in addition to logistics companies and Paraná-based espresso roasters with nationwide operations, the assertion mentioned with out naming any of the suspects.
Brazilian authorities have been serving 35 arrest warrants in reference to the probe, which additionally includes freezing property of the suspected events, the assertion famous.
Authorities have discovered proof suggesting the suspects siphoned 700 million reais ($125.02 million) from the general public purse as a part of the scheme.
The investigation spans 39 cities in 4 states, the assertion mentioned.
($1 = 5.5993 reais)
(Reporting by Ana Mano; enhancing by Jonathan Oatis)
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