Feb 20 • 18:56 UTC 🇧🇷 Brazil G1 (PT)

SP businessman suspected of stealing coffee sacks and causing a loss of R$ 50 million is arrested in MG

A businessman from São Paulo, Elvis Vilhena Faleiros, was arrested for allegedly stealing 21,000 sacks of coffee, resulting in significant financial losses for producers in Minas Gerais.

Elvis Vilhena Faleiros, a 40-year-old businessman from Franca, São Paulo, was arrested by the Military Police in Frutal, Minas Gerais, after being on the run since January. He is suspected of disappearing with 21,000 sacks of coffee that were stored at a cooperative warehouse in Ibiraci, causing an estimated loss of R$ 50 million to producers. His capture marks the culmination of a police investigation into numerous reports of missing coffee sacks.

Following his arrest, Faleiros's defense issued a statement indicating that the arrest was conducted in accordance with legal standards and that they would ensure compliance with all judicial determinations. The statement highlighted that Faleiros had already made agreements with the affected producers and cooperators to settle the debts related to the missing coffee sacks, aiming to assure that no producer would suffer financial loss.

The case sheds light on the broader issues within the coffee production and distribution industry in Brazil, particularly concerning trust and accountability among stakeholders. Given Brazil's position as one of the world's largest coffee producers, this scenario raises concerns about the regulatory measures in place to protect local producers and how similar incidents might affect market stability and confidence moving forward.

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