The Brazil offices of Cisco Systems were raided this week by local police, who have alleged an $830 million tax evasion ring that supposedly involves several companies, one of which is a Cisco reseller in the region. Most recently, it's been reported that two top executives for Cisco's Latin America operation have been arrested in connection with these allegations, and that cash, Cisco networking equipments and other assets were seized.
For more:
- here's a blog posting at Network World, with a link to a Network World news story