Managers of Brazil’s Bradesco Bank Suspected of Money Laundering

According to police, 3,000 offshore companies in 52 countries handled US$1.6 billion. Companies based in tax havens are often used to conceal the true owners of bank accounts.

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - On Tuesday May 28th, in yet another stage of Operation Lava Jato in Rio de Janeiro, the Federal Police (PF) arrested a manager of Brazilian banking giant Bradesco. Another bank manager and a parallel currency dealer have not been located.

 

Tânia Maria Aragão . . .

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