July 17, 2018 / 12:39 PM / in 10 months

Brazil's federal police seek to arrest 64 in cargo theft probe

SAO PAULO, July 17 (Reuters) - Brazil’s federal police were seeking to arrest 64 people on Tuesday as part of a cargo theft investigation, police said in a statement.

The operation, codenamed “Transbordo,” uncovered a cargo theft scheme involving truck drivers in six Brazilian states. The police estimated that losses resulting from the scheme surpassed 8.6 million reais ($2.22 million).

The statement did not name those targeted.

In May, Reuters reported that cargo theft in Brazil was on pace for a new record in 2018. Cargo theft has prompted retailers such as Via Varejo SA and Magazine Luiza SA to develop operations that allows customers to pick up online orders.

$1 = 3.87 reais Reporting by Maria Clara Prestes; Writing by Carolina Mandl; Editing by Bernadette Baum

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