Feeds

Cisco Brazil hit by massive police raid

40 arrests over alleged multi-million tax dodge

Next gen security for virtualised datacentres

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Like condoms, data now comes in big and HUGE sizes
Linux Foundation lights a fire under storage devs with new conference
Community chest: Storage firms need to pay open-source debts
Samba implementation? Time to get some devs on the job
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?