Bradesco denies Brazil police accusations in tax probe
SAO PAULO May 31 (Reuters) - Banco Bradesco SA denied Chief Executive Officer Luiz Carlos Trabuco and two other senior executives tried to plot to avoid a 3 billion-real ($828 million) tax fine, as the police said in a report sent to prosecutors on Tuesday.
In a statement, Bradesco reiterated that the bank had been acquitted in prior rulings and denied that Trabuco had met or gave the nod to negotiating with people promising to work out a reduction of tax fines. Trabuco did not participate in any meetings aimed at eliminating the fines, the statement added. (Reporting by Guillermo Parra-Bernal; Editing by Sandra Maler)
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