Investigated scheme used fintechs and investment funds for money laundering and fuel adulteration; Gaeco and Federal Revenue fulfill 59 warrants in five states
The Public Ministry of São Paulo (MPSP), through Gaeco, and the Federal Revenue launched this Thursday morning (28) the Operation Hidden Flowa new phase of the investigation that investigates the infiltration of First Capital Command (PCC) in the fuel sector.
Action is a unfolding of Operation Hidden Carbonconsidered by authorities to be the largest operation against organized crime ever carried out in the country in terms of institutional cooperation and reach.
The objective of this stage is to expand the financial siege on the criminal group, investigated for money laundering, tax evasion, fuel adulteration and use of fintechs as parallel banks. The focus of the operation are six fintechs that, together, moved more than R$26 billion between 2022 and 2025.
In total, they are being fulfilled 59 search and seizure warrants at addresses linked to individuals and legal entities in the states of São Paulo, Paraná, Mato Grosso do Sul, Minas Gerais and Rio de Janeiro.
Around 135 tax auditors, tax analysts and Federal Revenue officials participate in the operation, as well as teams from the Civil Police, Military Police, ANP, Sefaz-SP and the State Attorney General’s Office.
According to investigators, the criminal organization used companies in the fuel sector to move illicit resources and increase profits through tax fraud and product adulteration.
