Ricardo Magro Targeted in Federal Police Operation Over Fuel Sector Fraud

Brazilian businessman Ricardo Magro, owner of the Refit refinery in Rio de Janeiro, has become the target of a new Federal Police operation investigating fraud within the fuel sector. The investigation, conducted on May 15, 2026, focuses on suspicions of tax fraud, asset concealment, and operational inconsistencies at his refinery. Magro, who has resided in Miami, Florida, since 2016, was previously implicated in a major November 2025 operation against tax evasion involving the Refit Group. Consequently, Brazil's Supreme Federal Court (STF) has ordered his inclusion on the Interpol Red List. Despite these legal challenges, Magro maintains his innocence, claiming in prior interviews that he operates legally and is subject to persecution. The article also details his lavish lifestyle in the United States, including high-value properties and luxury assets revealed during divorce proceedings. This marks a continued escalation in authorities' efforts to combat organized crime and financial irregularities in Brazil's fuel distribution industry, linking Magro to a broader web of individuals and companies under scrutiny.