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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Military policemen take part in an operation at the Rocinha favela in Rio de Janeiro, Brazil, on Dec. 17, 2024.
Brazilian drug gangs are bringing in far more money from fuel and other products than from cocaine trafficking, an expansion into formal economic sectors that has caused billions in tax losses and complicated efforts to root out organized crime.
Criminal organizations generated about 146.8 billion reais ($25.4 billion) from fuel, gold, cigarettes and beverages in 2022, compared to an estimated 15 billion reais from cocaine, according to a new study from the Brazilian Forum of Public Security that is set for release Thursday.
Brazil’s Drug Gangs Haul In More Cash From Fuel Than Cocaine – Bloomberg
