Financial Times FT.com

Cisco director charged in Brazil

By Jonathan Wheatley in São Paulo

Published: November 22 2007 23:31 | Last updated: November 22 2007 23:31

A director of the Brazilian unit of Cisco Systems, the US technology giant, has been fired after being formally charged with tax fraud and other crimes involving evasion of up to R$1.5bn ($845m) in import duties and other taxes.

Carlos Roberto Carnevali, director of operations at Cisco’s Brazil unit, was charged along with 15 other people mostly connected to Mude Comércio e Serviços, Cisco’s main distributor in Brazil.

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