By Newsfeed Reuters

RIO DE JANEIRO, BRAZIL - The Brazilian federal police on Wednesday executed three arrest warrants against executives of Brazil's Banco Paulista SA in connection with a money-laundering investigation, according to a statement from federal prosecutors, writes Reuters in its latest post.

Under the alleged scheme, at least 48 million reais ($12 million) were laundered between 2009 and 2015, the authorities said in the statement referring to an alleged corruption scheme involving Brazilian construction conglomerate Odebrecht.

Banco Paulista's press office did not have an immediate comment on the operation.
The prosecutors said they were also executing . . .

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