Brazil police seek to arrest 64 in cargo theft investigation

SAO PAULO (Reuters) - Brazil's federal police sought to arrest some 64 people on Tuesday as part of a cargo theft investigation, police said in a statement, as Latin America's largest economy seeks to gain control over its increasingly insecure highways.

The operation, code-named "Transbordo," uncovered a cargo theft scheme involving truck drivers in six Brazilian states, ranging from Cearل in the impoverished Northeast to Sao Paulo in the populous Southeast. The police, who estimated that losses resulting from the scheme surpassed 8.6 million reais (£1.6 million), also carried out 106 search warrants.