Brazil's Billion-Dollar Tax Evasion Scandal: Top Figures Under Investigation

Brazil's federal police zeroed in on former Rio de Janeiro governor Claudio Castro and Refit refinery owner Ricardo Magro, investigating suspected tax evasion, sources confirmed to Reuters.

The probe targets a fuel industry conglomerate, suspected of concealing assets and illicit fund transfers abroad. The Supreme Court has imposed a $10.4 billion asset freeze, suspending economic activities of companies involved, and pressing for Interpol's engagement.

Amid broader money laundering operations, Brazil's tax authority collaborates to unravel fuel sector crimes. Former governor Castro resigned in March following his barring from office for eight years due to election misconduct.

(With inputs from agencies.)