Wednesday, June 15, 2005

 

Police arrests owners of Schinchariol

The Federal Police and the Revenue Agency arrested today owners and directors of Schinchariol, a large industry in the beer and soft drinks sector; read more about Brazilian beer.

The operation happened simultaneously in 13 States. More than 60 people were arrested, including several members of family Schinchariol who held positions of the board of the company.

Police and Tax Auditors say that the company was dodging more than R$ 600 million per year in taxes. This was the largest case of tax evasion ever uncovered in Brazil.

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