The Federal Prosecutor’s Office began an investigation into an alleged diversion of funds by a senior former executive of Itaú Unibanco, who is expected to assume an important position at the Spanish Bank Santander in the coming months.
In a document published in December, Alexsandro Broedel Lopes to unduly appropriate funds while working at the institution. Subsequently, the bank sued Broedel.
Itaú claims that their former executive, hired by Santander last year, violated the company’s internal policies by engaging with irregular payments for opinions commissioned by the bank.
In a regulatory document, Itaú said it investigated the conduct of the executive for several months and concluded that there is strong evidence that between 2019 and 2024, the supplier redirected part of the amounts received, totaling R $ 4,860 million, for Broedel accounts, using an intermediate company.
and that it caused its client that the bank has raised suspicions after he renounced office to take a global position in one of Itaú’s main competitors.
A spokesman for Santander said: “Mr. Broedel is a highly renowned senior executive who, until July, was Itaú’s chief financial officer. He must take office (accounting director) later this year and we are monitoring any developments. ”
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The Federal Prosecutor of São Paulo said in a statement that he could not comment on the case because he is under confidential.
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As part of the lawsuit against Broedel, Itaú asked the judiciary to register a lawsuit against him in the deed of a house valued at $ 10 million that the executive is trying to sell. The request aims to ensure that Itaú will have access to funds related to any sale if the process wins.
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This Thursday, a Brazilian judge agreed with the request.
According to Broedel’s representative, the executive decided to sell his home because he is now living in Spain.
