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The audits on funds managed by Faria Lima operating against an alleged fraud scheme and money laundering from the fuel sector involving the first command of the capital () point out that there is a black box in the information of some of this investments.
With R $ 299 billion under its management, was one of the 350 targets of seizure searches, launched last Thursday (28/8). In the investigations, she appears as a fund administrator who served to hide money from Copape fuel formulator and distributor Aster, suspected of evading $ 7.6 billion and linked to the criminal faction.
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“Contrary to the condominium nature of the backgrounds, many have exclusive quota holders, often other investment funds (background background). The goal is to create overlapping layers to make it difficult or prevent the identification of the final beneficiary,” the investigators say.
According to the investigators, some funds, usually used to value the money invested, in case the CCP served as a way to shield the illicit assets of criminals. “The central objective of these operations was not the appreciation of capital, but the patrimonial shield against tax executions and the concealment of the illicit origin of resources,” says the São Paulo Public Prosecutor (MPSP).
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Reag was a background administrator of the neo chemistry arena.
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PF operation investigates CCP’s list with entrepreneurs
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Eike Batista
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The “epicenter” of the fuel scheme, Mohamad Hussein Mourad
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Owners of gas stations sold their establishments to the criminal group and were threatened with death if they made any charge
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O Metropolis He analyzed funds managed by Reag and unconnected with the operation – they range from funds linked to contractors who have already been the target of Operation Lava Jato, such as OAS, to the son of businessman Eike Batista, as well as the Corinthians Arena. In many cases, attached audits are inconclusive due to lack of documents and information, which demonstrates opacity in various funds.
There are several cases in which auditors declare the omission of opinion, due to the lack of available or reliable information about the funds, often belonging to a company only.
Botafogo Botafogo Baptist Fund
In a duplex commercial room in the neighborhood of Ipanema, south of Rio de Janeiro, is headquartered to NB4 Participações SA she is the object of investments from the Botafogo Fund, managed by Reag, with equity of $ 226 million. The company is at the center of judicial wars between businessman Eike Batista and creditors of his bankrupt companies.
Considered the richest man in Brazil at the beginning of the past decade, Eike made a fortune with the exploration of mining, oil and energy, but saw her empire from 2013, until she was arrested in an offshoot of Operation Lava Jato, in 2017. The equity of US $ 34 billion accumulated at its height, in 2012, the entrepreneur adds $ 4 billion in debt with the Union.
Directed by his son Thor and former partner in the so-called “Empire X”, the NB4 holds multi-diverse debentures and receives investments from the Botafogo Fund, which, in turn, receives contribution from another background with the same name, in a three-layer structure that was pointed out as a “hidden” money from the businessman.
To the Metropolis Eike stated that all the fund’s assets were “arrested by the Bankruptcy of the Southeast and Rio MMX”, mining companies of the businessman. He says there was no equity shield and that voting rights within the fund are the subject of lawsuit by a fund linked to BTG, which he reported in an award -winning collaboration agreement.
One last Botafogo fund’s independent audit report states that it was not possible to scrutinize the company due to the absence of documentation to prove the fund’s participation in NB4, as well as the lack of financial statements of the company.
“Consequently, due to these matters, we could not obtain evidence of audit, appropriate and sufficient, about the value of the investment and the result of the result generated, as well as the need for any adjustments that could reflect on the fund’s financial statements on February 28, 2025,” the audit says.
Reag says “surprise”
Reag Investimentos Sai issued a note that it claims to reinforce “its diligent action throughout its history.” The company says that “it received with surprise the disclosures that involve it in alleged irregularities investigated in the context of Operation Hidden Carbon”, launched last Thursday.
He also says refuting “vehemently any performance in illegal structures”, and states that he acts “in line with the rules in force in the financial and capital market.”
“It is also worth noting that there are several investment funds mentioned in the operation that have never been under its administration or management. In relation to the investment funds that the company maintained service, its performance has always been diligent and proba, and the funds have been the subject of resignation or liquidation for months,” he concluded.
