Brazil: Brazil’s Eletrobras under investigation for potential fraud: filing

Brazilian prosecutors and the federal police launched an investigation of potential fraud at the Eletronuclear subsidiary of Centrais Eletricas Brasileiras SA, according to statements on Thursday.

The police are executing 18 search and seize warrants and 12 prison orders in Rio de Janeiro, Sao Paulo and in the federal district, related to potential fraud, in a new phase of the Car Wash corruption investigation.

The fraud scheme caused a loss of 208 million reais ($38.82 million) to the company, according to prosecutors.

The full original article can be found at reuters.com

(Photo: REUTERS/Pilar Olivares)

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