Brazilian Police Raid Offices of Banco Itaú
01 Dezembro 2016 - 12:20PM
Dow Jones News
RIO DE JANEIRO—Brazil's Federal Police launched a new phase of
their Operation Zealots tax-fraud investigation, with offices of
the country's largest private bank, Banco Itaú SA, raided on
Thursday.
Police said they have evidence of "collusion" between a member
of Brazil's tax-appeals council CARF and "a financial institution"
between 2006 and 2015. Brazil's largest television news channel,
Globo, reported that Banco Itaú was subjected to raids carried out
early Thursday.
A person familiar with the investigation said that the target of
Thursday's operation was BankBoston, which Banco Itaú acquired in
2006 from Bank of America Corp. Brazilian Finance Minister Henrique
Meirelles worked for 28 years at BankBoston, where he became
president and chief operating officer before leaving in 2002.
The Federal Police's press office declined to identify which
financial institution was being looked at. A spokesman for Banco
Itaú declined to comment. Brazil's Finance Ministry, which oversees
CARF, declined to immediately comment. Mr. Meirelles declined
through a spokesman to comment on the investigation targeting his
former employer.
Since it began in March 2015, Operation Zealots has already
ensnared a number of major Brazilian firms on allegations that the
companies avoided paying large fines by bribing members of CARF,
which adjudicates disputes between Brazil's tax agency and the
nation's top taxpayers.
The firms include Brazil's No. 2 private-sector bank, Banco
Bradesco SA, whose chief executive was charged with corruption in
July for allegedly bribing tax officials. Bradesco said at the time
its executives hadn't broken any laws.
Rogerio Jelmayer and Paulo Trevisani contributed to this
article
Write to Paul Kiernan at paul.kiernan@wsj.com
(END) Dow Jones Newswires
December 01, 2016 09:05 ET (14:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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