Bank fired the São Paulo Court against Alexsandro Broedel Lopes, accused of fraud and diversion of money
A blocked the sale of Alexsandro’s house Broedel Lopes, former director of Itaú by the bank. According to which revealed the information, Itaú requested the block for understanding that Broedel, who was trying to sell the property, could need it to pay the compensation of $ 3.35 million requested by the bank.
According to the emergency decision of Judge Larissa Gaspar Tunala, the 1st Business Court and arbitration conflicts, issued on Tuesday (25.FEV.2025), it was possible to prove that Alexsandro is in “delicate financial situation”, Which would justify the block.
“The sale of the property (…) may compromise the useful result of this process, even more if the information is already considered abroad outside the country”Wrote the judge. Alexsandro Broedel currently resides in Madrid, Spain, where, according to his, he is a senior vice president of Banco Santander since October 2024. Read the decision (PDF-2.1 MB).
In December, Itaú Unibanco Broedel had acted “in violation of internal policies and the applicable legislation and regulation”, Besides having acted“in serious conflict of interest, and for its own benefit, in the relationship with a particular and specific supplier of opinions”.
In the function of CFO (Chief Financial Officerfinancial director), Broedel, according to the bank, used “Irregularly, of the elevations and prerogatives of his position, approved payments to that supplier in the total historical value of R $ 10.455 million”. It was R $ 3.380 million (in 2021), R $ 1.850 million (2022), R $ 3.350 million (2023) and R $ 1.875 million (2024).
In the process against Broedel, the bank stated that he “Provided opinion and market consultant services”While acting at the same time as CFO of Itaú. According to the action, the former executive of the bank had a company in partnership with consultant Eliseu Martins, Broedel Consultores. The former Itaú CFO had 80% of the shares.
Martins and Broedel are being processed in the same action. As director of Itaú, Broedel hired Care, another Martins Consulting Company, and thus provided services to the bank. The charge was made by Care, which in turn passed 40% of the amount received to another company, called Evam (owned by Martins and his children). Finally, as described, Evam made payments to Broedel, both for him and his individual and in the legal entity.
Broedel stated that the accusations against him were “unfounded and meaningless”. According to your press office, “The opinion mentioned by Itaú had been providing services to the bank for decades, long before Broedel was invited to the institution’s board. The services mentioned were the knowledge of Itaú and required by different areas of the bank ”.
In a statement, the former CFO said it caused “deep strangeness”The action only after“de Broedel presented the resignation to his positions in the bank to take a global position in one of his main competitors, fulfilling the quarantine period defined by the bank ”.
Days later, the CVM (Securities Commission), linked to the Ministry of Finance, opened an administrative proceeding in which Itaú appears as an interested party. The process was opened because of “News, relevant and communicated facts”Related to the company.
Broedel worked in Itaú for 12 years and was director of the CVM. At the time he was accused of fraud, he no longer worked in Itaú. On July 5, 2024, he left the company and was immediately hired by Banco Santander to “Command the Global Accounting Unit of the Spanish Bank”How chief accounting officer.
According to BloombergSantander reported in a statement that “Mr. Broedel is a highly renowned senior executive who until July was Itaú’s chief financial officer. We are monitoring any development ”. He should take office at the Spanish bank later this year, after receiving regulatory authorization.
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