Brazil Tax-Fraud Probe Narrows Scope, Moves on Bradesco CEO

  • Focus is down to 20 companies from 70, prosecutor says
  • Paiva says probe has very robust evidence against lender

The Brazilian federal prosecutors in charge of an investigation into tax fraud are narrowing the scope of their probe, focusing on a shorter list of alleged offenders that includes steelmaker Gerdau SA and lender Banco Bradesco SA.

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