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[SITUATION] · [QUIET] · [CRIME]

2 clusters · 5 sources · 1 days · First seen · Last updated

Tax investigation into Fruts Indústria

Overview

The Special Action Group to Combat Organized Crime (Gaeco) launched an investigation into Fruts Indústria de Concentrados da Amazônia regarding alleged tax irregularities. Based in Manaus, the company is under scrutiny for a suspected R$ 500 million loss involving the improper use of ICMS (tax on circulation of goods and services) credits.

Fruts supplies inputs to Baly Brasil, a beverage manufacturer in Santa Catarina. While the administrators of Fruts are the children of a partner at Baly Brasil, legal counsel for Baly Brasil stated the companies are not part of the same business group. Fruts has denied any wrongdoing, asserting that its operations comply with Brazilian tax legislation and that the fiscal benefits used are “regularly provided for by law.”

Entities

Fruts Indústria de Concentrados da Amazônia · Distrito Federal · Gaeco · Baly Brasil · Secretaria de Estado de Economia do Distrito Federal

Timeline

  1. 22 days ago

    [CRIME] 3 sources
    Distrito Federal authorities uncover R$ 453 million in fiscal irregularities

    The Federal District's economy secretariat identified R$ 453 million in fiscal irregularities, resulting in R$ 217.8 million in tax credits and fines following investigations into fraudulent invoicing.

  2. 22 days ago

    [CRIME] 2 sources
    Fruts Indústria investigated for R$ 500 million tax irregularity

    Gaeco is investigating Fruts Indústria for a suspected R$ 500 million tax irregularity involving ICMS credits. The company denies wrongdoing, citing strict compliance with Brazilian law.

Sources

brasilemfolhas.com.br · diariodecanoas.com.br · mittelaltergazette.de · ndmais.com.br · tnonline.com.br