Brazil gun maker Taurus explains silence on Yemeni trafficker case
None
SAO PAULO- Forjas Taurus SA, Latin America's largest gun maker, told Brazil's securities regulator on Thursday it had not notified investors about an alleged sale to a known Yemeni arms trafficker because the company was not accused in the case.
Taurus confirmed on Monday a Reuters report that two former executives had been charged over a deal in 2013 that allegedly sent arms to Yemen's civil war, but the company said it was only a concerned party in the case.
Securities regulator CVM asked Taurus on Monday why it had not previously sent a "Material Fact" filing on the matter.
