Who is Sidney Oliveira, owner of Ultrafarma, arrested in San Paolo

Who is Sidney Oliveira, owner of Ultrafarma, arrested in San Paolo


The entrepreneur was arrested at the operation of the public service of San Paolo who investigates a bustle collection system involving tax credits




AParecido Sidney de Oliveira, 71 years old, businessman and founder of the Ultrafarma Pharmacy Network, was temporarily arrested Tuesday (12/8).

Sidney Oliveira, as is known, was one of the objectives of the Icarus operation, triggered by the group of special actions on the repression of economic crimes (Gedec) of the public service of San Paolo (MPSP), with the support of the military police in San Paolo.

The action aims to dismantle an alleged debit regime involving tax credits. Gedec identified a criminal group responsible for promoting retail sales companies in exchange for improper advantages.

In addition to Oliveira, another businessman and an inspector of the Secretariat of Finance and Planning of San Paolo were also arrested. The people under investigation can be responsible for active and passive corruption crimes, criminal organization and money laundering.

According to MPSP, the regime had existed since 2021

On the other hand, he received monthly payments for the envelope through a company recorded on behalf of his mother. The scheme, according to MPSP, would have given a single $ 1 billion in bribes to a single inspector.

The operation is the result of months of investigative work, with the analysis of documents, breaks of confidentiality and interceptions authorized by the Court.

In addition to the arrests, the agents have respected several research and seizure warrant at the residential addresses of the objectives and in the headquarters of the companies under investigation.

The defenses of the suspects have not yet manifested themselves and this relationship will be updated as soon as there is any position.

Origins and ultrafarma

Sidney Oliveira was born in the small town of Nova OlĂ­mpia, ParanĂ¡, with about six thousand inhabitants. According to the interviews he released, his family was poor and at the age of nine he started working in a city pharmacy.

Subsequently, he never left the drug sales area, having acquired pharmacies until he founded his.

The businessman founded Ultrafarma in 2000, when Brazil began the implementation of generic medicines.

The pharmacy network also had its own television channel, TV ultrafarma, which lasted two years, between 2015 and 2017.

Today the entrepreneur is also the poster boy from his network, whose advertising is made massive. In addition, it lends its name for its brand of medicines, supplements and hygiene and beauty products.

The main form of sale of Ultrafarma is virtual and, according to the same company, you need four million active customers and has 15,000 products on sale.

Sidney Oliveira lives today in the municipality of Santa Isabel of San Paolo, which also hosts an ultraform distribution center.

Source: Terra

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