Operation Hidden Credit Investigates Laundering of R$ 11.6 Billion in a Sugarcane Mill
Gaeco launches Operation Hidden Credit against Daniel Vorcaro's operator. Understand the R$ 11.6 billion scheme involving fintechs and the fuel sector.
TL;DR
- The Gaeco operation, 'Crédito Oculto', aims to dismantle a criminal organization suspected of laundering R$ 11.6 billion.
- The organization allegedly used fintechs and banks to hide control of Usina Itajobi, in Marapoama (SP).
- Key target Antônio Carlos Freixo Júnior, known as Mineiro, allegedly used his fintechs (Entrepay, Acqio) to conceal the true owners of the sugarcane mill.
- These hidden owners are believed to be central figures in money laundering schemes for the PCC in the fuel sector.
- The financial scheme involved rapid transfers of large sums through multiple accounts and the use of investment funds to purchase the fuel distributor Terrana.
- Daniel Vorcaro, former owner of Banco Master, is linked to the scheme and allegedly attempted to influence STF ministers regarding R$ 10 billion in reparations.