Brazilian prosecutors target R$5.5bn tax fraud scheme linked to Refit

MPRJ launched an operation executing arrest and search warrants in Rio de Janeiro and São Paulo against businessmen and family members of Ricardo Magro, linked to a R$5.5 billion tax fraud scheme involving Refit. The investigation is ongoing, with details on the mechanism and full scope still emerging. This marks a significant law enforcement action against high-value financial crime in Brazil.

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