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3mo ago

Brazil Launches Mega Probe Into Fuel-Tax Fraud, Freezes R$10.2 Billion and Rekindles Push for Chronic Debtor Law

Authorities say the case underscores the need for a tougher law to stop repeat tax dodgers.

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Lula sanciona isenção do IR: medida gera debate sobre risco fiscal e PLR
Uma megaoperação realizada na manhã desta quinta-feira (27) tem como objetivo cumprir mandados de busca e apreensão contra 190 alvos ligados ao Grupo Refit, dono da antiga refinaria de Maguinhos, no Rio de Janeiro, e dezenas de empresas do setor de combustíveis.
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Overview

  • Operation Poço de Lobato targeted the Grupo Fit/Refit with 600-plus agents executing actions against about 190 people and firms across six states and the Federal District.
  • Investigators cite more than R$26 billion in unpaid taxes, over R$70 billion moved in a year via 17 exclusive funds with roughly R$8 billion in assets and more than 15 U.S. offshores, many in Delaware.
  • The PGFN secured R$10.2 billion in asset freezes, and roughly 250 million liters of seized fuel were placed under Petrobras custody, with officials reporting five ships apprehended.
  • Finance Minister Fernando Haddad, São Paulo governor Tarcísio de Freitas and other officials pressed the Chamber to vote on the Senate-approved chronic tax debtor bill, which lacks a designated rapporteur.
  • Haddad called for U.S. cooperation to track funds linked to Delaware structures, while markets priced high odds of an early-2026 Selic cut after a central bank director said the next move should be a reduction.