MP-SP Accuses Banco Genial of Fraudulent Structure to Hide Fugitive Fuel Traders' Assets

São Paulo prosecutors allege Banco Genial provided a fraudulent financial structure to conceal assets of two fugitive fuel-sector businessmen linked to the PCC criminal faction. The accusation underpins the third phase of Operation Carbono Oculto, launched today. The bank's role and the extent of its knowledge remain under investigation.