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Federal Police in Brazil investigates corruption linked to world-renowned Getulio Vargas Foundation

The Federal Police (PF) makes today (Nov. 17) action against corruption schemes, bid rigging, currency evasion, and money laundering involving the Getulio Vargas Foundation (FGV), a world-renowned private educational and research institution based in Rio de Janeiro.

Operation Sofisma is carrying out 29 search and seizure warrants issued by the 3rd Federal Criminal Court in Rio de Janeiro and São Paulo.

Sequestration orders and restraining orders were also issued.

According to the PF, the scheme involved federal and state agencies which hired FGV to dispense bidding.

The investigations, which began in 2019, show that there was overbilling of . . .

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