Tax evasion: 19 arrested

SAO PAULO - Police cracking down on rampant tax evasion in Brazil detained 19 people allegedly linked to a money-laundering scheme involving two Swiss banks and the American International Group, the world's largest insurer.

SAO PAULO - Police cracking down on rampant tax evasion in Brazil detained 19 people allegedly linked to a money-laundering scheme involving two Swiss banks and the American International Group, the world's largest insurer.

The scheme helped Brazilian companies evade taxes by laundering money through the Swiss banks, the US insurer and black-market money changers. - Sapa-AFP

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