Overview

• Roughly 1,400 agents executed about 350 search and seizure orders across around ten states, including operations on São Paulo’s Faria Lima financial corridor.
• Authorities report five detainees so far and seizures of 1,500 vehicles, 192 properties, two boats and more than 300,000 reais in cash.
• Investigators say the network infiltrated the legal fuel chain—refineries, transport fleets and over 1,000 service stations—to move roughly 52 billion reais between 2020 and 2024.
• The scheme allegedly evaded between $1.2 billion and $1.6 billion in taxes and involved fuel adulteration, under‑dispensing and diverted methanol, creating safety and environmental risks.
• Related operations Quasar and Tank are tracing financial flows through fintechs and about 40 investment funds, with Tank freezing more than $180 million and one fintech described as a PCC “parallel bank.”