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Bradesco Leasing execs accused of corruption resign

The board of Bradesco Leasing SA Arrendamento Mercantil has approved the resignation of Domingos Figueiredo de Abreu as deputy chief executive officer and Luiz Carlos Angelotti as managing director.

Abreu and Angelotti, who are also part of the board of Bradesco Leasing's parent, Banco Bradesco SA, face corruption charges in relation to the ongoing Operação Zelotes tax evasion probe in Brazil. Prosecutors are seeking eight-year sentences for the executives and other Brazilian revenue officials for each alleged crime committed.

The Zelotes tax evasion probe began in April 2014 based on an anonymous letter sent to Brazil's federal police headquarters detailing the workings of the graft scheme.