Brazil carries out raids in crackdown on organised crime in the fuel sector

Brazilian police and tax officials carried out a series of raids early on Thursday across the country targeting multibillion-dollar money laundering and fraud schemes linked to organised crime in the fuel sector, authorities said.

Multinational energy firms have struggled for years to root out organised crime from their distribution networks in Brazil, and the federaltax revenue service said this week’s crackdown related to schemes involving more than 10 billion reais