Brazilian businessman Ricardo Magro fugitive in US over R$5.5bn tax fraud

Brazilian authorities (MPRJ) are investigating a R$5.5 billion tax fraud linked to the Refit program, with businessman Ricardo Magro identified as the country's biggest fraudster. Magro has been a fugitive in the USA since May, indicating an active cross-border legal pursuit. The scale of the fraud suggests significant fiscal impact and potential political/economic repercussions in Brazil.

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