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Brazil: for 10th time, GEDEC requests arrest warrants in train price-fixing scheme

By  |  March 15, 2016

For over two years, Brazil’s Special Group for the Combat of Economic Crimes (GEDEC), a branch of Sao Paulo State’s Public Ministry, has tried to locate and arrest 11 former executives involved in a major fraud and collusion case that continues to affect the Metropolitan Railroad industry (Metro) in the state.

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    The GEDEC has already requested warrants against these executives 9 times – all have been rejected by the courts. A final request, filed in late February, is still waiting to be reviewed by judges.

    All of the officials now under the GEDEC’s crosshairs are foreign citizens living outside Brazil. The case, revealed in 2014, has shown these people to have acted in agreement with other companies in order to manipulate billion-dollar contracts for the development of the Paulista Metropolitan Train Company and Metro systems.

    Full content: UOL Brasil

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