BUENOS AIRES — Argentine authorities have accused the household products giant Procter & Gamble Co. of tax fraud and suspended its operations in the country.
The AFIP tax agency released a statement accusing the company of fraud related to imports from Brazil that it said were billed through a Swiss subsidiary for $138 million. The agency said the alleged operations were to get currency out of the country and hide taxable income.
There was no immediate comment from Cincinnati-based Procter & Gamble, whose brands include Gillette, a Boston company.
‘‘Global companies can’t manage their profits tricking the state, evading taxes and moving currency out of the country because their irregular behaviors impede the development of the nation,’’ said AFIP head Ricardo Echegaray.