In recent days, the Itaú was at the center of the economic news due to suspected corruption committed by one of the bank’s executives.
Alexsandro Broedel, who was Itaú’s financial director until July, is accused of having committed a “serious conflict of interest”.
The bank announced this Saturday (7) that it is going to court against Broedel and that it has informed the Securities and Exchange Commission (CVM) and the Central Bank (BC) about the suspicions, which involve the embezzlement of more than R$10 million.
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Check out what is known so far about the Broedel case:
What did Itaú Unibanco discover about its former financial director, Alexsandro Broedel?
Itaú Unibanco detected Alexsandro Broedel’s alleged conflict of interest after his departure from the bank, including the omission of a partnership with accounting professor Eliseu Martins, whose services he authorized Itaú to hire.
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When did Broedel leave Itaú and where did he go?
Broedel left Itaú in July and took a position in the management of Grupo Santander, in Spain.
What was the result of Itaú’s internal investigation?
The investigation revealed that Broedel was a partner of Eliseu Martins in a company that received transfers from another contracted by the bank, in amounts compatible with those paid by Itaú between 2019 and 2024.
What are Itaú’s rules regarding conflicts of interest?
Itaú requires all executives to respond to an annual questionnaire about partnerships with suppliers. If an executive has such a partnership, he cannot decide on the bank’s relationship with its partners.
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What did Itaú do after discovering the alleged conflicts of interest?
Itaú informed the Central Bank and the Securities and Exchange Commission (CVM) about the facts and initiated an investigation that led to the review of the balance sheets for the period by the independent auditor, PwC.
What were the allegations against Broedel?
Broedel was accused of having violated internal policies and acting in a serious conflict of interest when approving payments to a supplier with whom he had ties, totaling around R$10.45 million in the last four years.
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What does Itaú intend to do about the accusations?
Itaú is considering filing a civil lawsuit against Broedel and Eliseu Martins, seeking compensation for damages.
What did Itaú discover about the payments made to Martins?
Itaú discovered that Broedel had hired around 40 opinions from Martins’ company, totaling R$13.26 million, and that he did not inform the bank about his relationship with Martins.
What measures did Itaú take in relation to payments made to Broedel?
Itaú filed an interruptive prescription protest and requested the annulment of the approval of Broedel’s accounts between 2021 and 2023, in addition to seeking compensation for amounts unduly paid.
How did Broedel defend himself in relation to allegations of irregularities?
Broedel stated that the transfers received were between partners and expressed surprise that the accusations only emerged after his resignation and before taking up a position at Santander.
