Feeds

Cisco Brazil hit by massive police raid

40 arrests over alleged multi-million tax dodge

Choosing a cloud hosting partner with confidence

Cisco offices in Brazil were raided yesterday and executives arrested during a massive raid against alleged illegal avoidance of import duties.

Six hundred and fifty police and tax officers used 93 search warrants at Cisco offices and private homes. Police arrested 40 people, but no names were released. Investigators also seized $10m worth of kit, a commercial jet, 18 vehicles, and some $400,000 in US and Brazilian cash, according to the International Herald Tribune.

So far no charges have been laid against the 40 people, but the investigating judge said the case involved the use of forged documents to avoid or reduce import duties on electronic and telecoms equipment.

Six government tax officials have also been arrested, according to Reuters.

The two year investigation is looking at products worth at least $500m that have been shipped into Brazil from Panama, the Bahamas, and the British Virgin Islands.

These goods should have generated $833m in tax to the Brazilian exchequer.

More from the International Herald Tribune here. ®

New hybrid storage solutions

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.