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LatinNews Daily - 11 May 2018

In brief: Brazil

* Laerte Codonho, the head of Brazilian soft drinks company Dolly, has been arrested in the city of São Paulo for fraud. An investigation by state prosecutors found that Codonho led a scheme to dodge R$4bn (US$1.1bn) in taxes over the past 20 years. Police also seized two helicopters, four luxury cars including a red Ferrari, and an undisclosed amount of cash from his mansion.

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