The operations seek to dismantle schemes that allegedly moved tens of billions of Reais, using fin techs and investment funds to hide gains while undermining Brazil’s fuel industry, according to the statements.
Newspaper, Folha de S.Paulo reported that asset manager, REAG Investimentos was one of the 350 targets of warrants served by local authorities as part of the operations. REAG did not immediately respond to requests for comment.
–Reuters–
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