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Brazil & Southern Cone - 24 August 2004
Targeting a vast dollar-leaching network
On 17 August the federal police launched an operation in eight of the country's 27 states to enforce 123 arrest warrants on charges of tax evasion and money laundering, and conduct 215 searches in exchange houses, travel agencies and diverse other businesses. Their target is to break up the network of doleiros - illegal exchange operators - thought to have been responsible for the flight abroad of more than US$24bn between April 1996 and January 2000. The police are acting on information gathered largely by a congressional commission of inquiry in Paraná state - widely assumed to be the source of the recent wave of allegations against central bank president Henrique Meirelles (see previous item).
- BRAZIL: PT upturn threatened by new scandal
- Targeting a vast dollar-leaching network
- Lula brushes with authoritarianism
- ARGENTINA: Kirchner courts opposition
- ARGENTINA: Kirchner makes a virtue of a necessity over the IMF
- ARGENTINA: IMF sends in Rato as debt deal stalls
- CHILE: Everyone loses as Spiniak case falls apart
- CHILE: Pinochet - end of an era?
- PARAGUAY: Duarte's anniversary prompts little celebration
- URUGUAY: Poll shakes rightwing
- EU and Mercosur talks break down
- Quotes of the month