Brazil Police Crack Down on $9.6 Billion Fuel Scheme

Brazil’s Federal Police launched a sweeping crackdown on organized crime across the country’s fuel supply chain and fintech industry, exposing illicit transactions totaling at least 52 billion reais ($9.6 billion).

The investigations — dubbed Quasar, Tank and Hidden Carbon — aim to dismantle sophisticated money-laundering schemes tied to criminal organizations, the police said in a statement Thursday. Members of the organized crime group Primeiro Comando da Capital (PCC) are among those involved, the Sao Paulo public prosecutors’ office, which also took part in the operation, said in a separate statement.