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Sao Paulo business executive arrested over alleged fraud scheme targeting Brazilian banks

By Caio Rinaldi ( August 20, 2021, 19:30 GMT | Insight) -- A 62-year-old business executive from São Paulo has been arrested by the Brazilian federal police for allegedly leading a scheme that defrauded the country’s financial system, including Brazil's public bank Caixa. He also laundered more than 2.5 billion reais ($478 million).A 62-year-old business executive from São Paulo has been arrested by the Brazilian federal police for allegedly leading a scheme that defrauded the country’s financial system, including Brazil's public bank Caixa. He also laundered more than 2.5 billion reais ($478 million)....

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