Police crack down on $1.2B illegal gold trade in Brazil

Credit: Brazilian Federal Police

The Brazilian Federal Police on Wednesday carried out an operation against illegal gold mining and trade in the Yanomami Indigenous Territory in the northwestern states of Amazonas and Roraima.

According to investigations, the ore extracted from the territory and Venezuela was sold abroad. The illegal actions generated almost R$6 billion ($1.2 billion).

The scheme involved the smuggling of Venezuelan gold, which would enter Brazil clandestinely as payment for the export of food through markets in Roraima and Amazonas.

Hired transport companies would hide the smuggled gold inside trucks, entering Roraima without the necessary procedures and payment of taxes.

Subsequently, the ore would be purchased by other members of the scheme and sent to illegal mining companies, responsible for making payments to supermarkets and food distributors.

Four arrest warrants and another 48 search and seizure warrants were issued in at least eight Brazilian states.

Among those arrested is businessman Brubeyk do Nascimento, who was detained in a luxury condominium in Manaus.

He was arrested previously in 2020 with two Americans while attempting to illegally ship 35 kg of gold to the United States.

Between 2015 and 2020, Brazil traded 229 tonnes of gold with evidence of illegality, equivalent to almost half of the gold produced and exported by the country, according to the NGO Instituto Escolhas.

Print

Be the first to comment on "Police crack down on $1.2B illegal gold trade in Brazil"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close