Brazil police look into alleged money laundering on sales to Venezuela's PDVSA

Brazilian police on Monday launched an operation involving possible money laundering by the agricultural arm of Venezuela's state-run oil company PDVSA through imports of agricultural equipment from Brazil, authorities said. Under the scheme, which has been under investigation for three years, PDVSA overpaid two companies, one Venezuelan and one Brazilian, for agricultural machinery to the tune of 200 million reais ($64.46 million) between 2010 and 2014, officials said. According to police, Venezuela's Tracto America, a trading company, bought agricultural equipment from Brazil's America Trading which was sold to PDVSA at inflated prices. More…