Lava Jato investigates 13 banks for laundering

The research wants to know what the role of whites in financial crimes.
11/01/2016 10h46 - Updated 11/01/2016 10h46
Photo: Press Release / SEE

The task force Operation Lava Jato, in Curitiba (PR), investigates what was the role of a group of private banks, large and medium-sized, in financial crimes involving evaluated contracts 15 billions of dollars between the Schahin Group and Petrobras. The details of suspicious transactions and considered arguments that the involvement of these institutions are included in a fiscal representation for criminal purposes of the Federal Revenue Service in São Paulo, sent to the Federal Public Ministry.

According to the document Revenue, Thirteen private institutions participated in these transactions. The banks are part of group of creditors who lent 500 million dollars to Schahin and claim that they were not receiving 350 million dollars. To collect the debt, They would be organized in block. wanted, they declared that there is no irregularity in the transactions with the Schahin.

Revenue listed institutions for the performance order on the block. there are “creditor banks”, that released funds: Itaú BBA, Bradesco, English HSBC, Spain's Santander, Votorantim, Bonsucesso, Fiber, ABC Brasil, Sold, Pine, Rural Trisury ME (these extrajudicial liquidation). The “underwriters”, what, in addition to lend money, They had a more active role in negotiating the terms of loans: Itaú BBA, Votorantim e HSBC. Lastly, there is what the IRS calls the administrative agent, trustee and collateral, that made the administration of accounts. this task, according to Revenue, it was for the German Deutsche Bank.

In the evaluation of body, there is evidence that the banks were “coauthors” money laundering. Would it be possible, according to Revenue, because banks have created a structure to lend and receive money in tax havens, at end, opened space to “licit appearance” the money that could have been obtained in illegal operations in Brazil, as fraud and tax evasion bids, held between the Schahin Group and Petrobras.
All transactions – release and payment of claims – these banks were referring to the drillship contract Win 10.000 – contracting of Petrobras already under investigation in Operation Lava Jato.

How involved are in São Paulo, the inspection was made by the regional police station in the State Revenue and the conclusions were forwarded to prosecutors of the Public Ministry Federal Republic of São Paulo. It turns out that the representation ended getting under the responsibility of the Federal Public Ministry in Paraná, because it was understood that the case is related to the investigation of the Lava Jato. Today representation is one of the evidence attached to the rancher's arrest process José Carlos Bumlai and, He reported the press office of the Federal Public Ministry in Paraná, it will be up to the local authority to assess whether to initiate investigation against banks.

Transactions that caught the attention of supervision of revenue involved loans that financed the box of oil and gas business Schahin. The group has 28 Business, of which fifteen are abroad – they are offshore, as you say in business jargon.

Generically, so is detailed in the Revenue document, the money was borrowed by banks in Brazil to be used as working capital, that is, as cash in routine operations within the country. The money left the bank and went to the company here in Brazil. From there, however, ownership both of whom gave as who received the loan changed. The CNPJ – the identity of the companies – it was changed. The whole operation began to be made by foreign subsidiaries.

The transaction is described as follows by Revenue: banks approved the release of working capital for Schahin Holding. However, transferred to credit ownership to a branch of the bank in a tax haven. Schahin was doing the same: transferring debt, scripturally, to another group company, S2 Participações, Here in Brazil.

The bill, however, not stay with her. The S2 also transferred the debt to other group companies, located in tax havens: a Deep Black Drilling LLC e a South Empire International, for example, belonging to Milton Taufic Schahin and Salim Taufic Schahin, both members of the group. At end, it was as if the branch of the bank in a tax haven had granted the loan to the Black Deep Drilling LLC or other similar companies. Loan payments were also made outside.

For Lava Jato, Deep Black Drilling is not any company. The contract of Victory probe 10.000 with Petrobras was signed through it. It was she who received for the service, a contract 1,5 billion dollars to the state.

Eduardo Musa, former manager of Petrobras, submitted invoices showing payment of the fee he received for helping in hiring Victory probe. According to him, payment was negotiated with the lobbyist Fernando Soares, Fernando Baiano, and Bumlai and paid for several offshore the Schahin Group. One of them was the same Black Deep Drilling. Bumlai denied the intermediation of bribery.

In the charter business it is common for companies to use structures abroad, since the probes are usually produced outside the country. But the tax authorities are contesting the use of these structures when the ships are used to search for oil in Brazil across the board, and not only in the Schahin operations. Petrobras itself has been assessed.

In the case of Schahin, fiscal understand there illegalities evidence also in loans and own bid made by state. In early October, the IRS announced that blocked 4,6 billion reais of Schahin group for tax evasion and fraud and warned it could go in search of more funds abroad.


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