Brazilian police raided the headquarters of the state-controlled power company Companhia Energetica de Minas Gerais, known as Cemig, on Thursday, according to a police statement. The police said they were investigating the alleged embezzlement of 40 million reais ($10.5 million) out of Cemig in a corruption scheme that involved two subsidiaries, Renova Energia SA and Casa dos Ventos. The country’s internal revenue service told journalists the case involved a complex money laundering scheme. Shares in Cemig were down 2.6 percent, at 14.27 reais, in late morning trading. Prosecutors alleged that the scheme benefited ... (full story)