Federal Police Target ex-President Collor for R$6 Million Laundering Scheme

The crimes involved the purchase of real estate at public auctions in 2010, 2011, 2012 and 2016. Fernando Collor supposedly used a middleman to conceal his identity as the final beneficiary of the transactions.

RIO DE JANEIRO, BRAZIL - The Federal Police (PF) triggered Operation Arremate on the morning of Friday, October 11th, to investigate a money laundering scheme involving real estate purchases at public auctions.

The action investigates the alleged involvement of Senator and former President Fernando Collor in the bidding for property, totaling R$6 million, according to the Federal Police.

Some 70 federal police officers served 16 search and seizure warrants at addresses linked to the senator in Maceió (AL) and Curitiba (PR). The orders were authorized by Justice Edson Fachin, of the Federal Supreme Court (STF).

The crimes are alleged to . . .

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