Police investigate Cimento Nassau ownership

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Brazil: Federal police in Pernambuco have launched an investigation into the alleged involvement of organised crime in João Santos Group, the owner of Cimento Nassau. 53 search warrants have been issued in four Brazilian states with the involvement of over 240 police officers, according to the Valor Econômico newspaper. The police are looking into allegations of asset diversions and tax evasion up to a value of around US$1.6bn.

Last modified on 12 May 2021

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