NEW YORK–(BUSINESS WIRE)–Brazilian Federal prosecutors announced earlier this week that the charges against Joseph Safra, majority shareholder of Banco Safra S.A. (Banco Safra) were formally dismissed due to lack of evidence. Under an operation code-named ‘Zelotes’, Brazil’s federal public-sector prosecutors were investigating allegations that a large number of companies and banks operating in Brazil may have been involved in long-lasting bribery of tax officials and members of Tax Appeals Bo
