The founder of BTG Pactual returns to the control group By Reuters

By Carolina Mandl

SAO PAULO (Reuters) – The founder of BTG Pactual (SA 🙂 SA, André Esteves, will return to the control group of the bank after having acquitted allegations

Esteves was arrested in November 2015 after prosecutors accused him of attempting to buy the silence of a witness involved in a bribery scheme.

Esteves was arrested in November 2015 after prosecutors accused him of attempting to buy the silence of a witness involved in a bribery scheme. 19659004] He was forced to resign from his position as General Manager and to exchange his voting shares for preferred shares after his arrest. A Brazilian federal judge acquitted Esteves in July

BTG also said that his partner, Marcelo Kalim, one of the bank's main partners after Esteves, was leaving the control group and was holding his position as president.

BTG's controlling shareholder is officially a member of BTG's board of directors.

The controlling shareholder of BTG is officially known as G7 Holding to refer to the previous number of shareholders, is now composed of five partners: the general manager, Roberto Sallouti, Renato Santos, Porto Antônio, Guilherme Paes and André Esteves.

BTG stated in the statement that no partner will have more than 30% participation until December 2022, without providing further information. The bank did not immediately comment on the case.

After investigating corruption, she was forced to cut jobs and lose badets. Esteves returned to the bank in April 2016, but only as a senior consultant.

CFO João Dantas said in August that the return of Esteves to the bank would be gradual and that BTG wanted to avoid mistakes made in the past. ] Statement of Risk: Fusion Media would like to remind you that the date on this website is not necessarily real-time or accurate. All CFD (stocks, indices, futures) and Forex prices are not provided by the stock markets but by the market makers. Prices may not be accurate and may differ from current market prices, which means that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media badumes no liability for any business losses you may suffer as a result of the use of this data.

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