March 28, 2017 / 1:48 PM / a year ago

Brazil police raid brokerage firm for allegedly laundering 'Car Wash' cash

CURITIBA, Brazil, March 28 (Reuters) - Brazil’s federal police on Tuesday carried out raids connected to the sprawling “Car Wash” graft probe, targeting money launderers who allegedly worked with former corrupt executives of state-run oil firm Petrobras.

Police said they raided the Advalor Distribuidora de Titulos e Valores brokerage firm in Rio de Janeiro, which they allege facilitated the movement of bribes from big construction firms to then-Petrobras executives, often to their overseas bank accounts. At least one former Petrobras executive has been arrested in Tuesday’s operation so far. (Reporting by Sergio Spagnolo; Writing by Brad Brooks; Editing by Daniel Flynn)

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