Brazilian police and tax authorities carried out raids on Aug. 28, and said they had seized 1.2 billion reais ($220 million) in assets they believe are owned by one of the country’s biggest organized crime groups, the Primeiro Comando da Capital (PCC) or First Capital Command.
Brazilian federal officials executed 14 search and seizure warrants and 14 preventive arrest warrants during a nationwide investigation into a money laundering network targeting investment funds and the fuel sector.
