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Sandoval, Executives Seek 150 Million Reais From BTG, Veja Says

Grupo Silvio Santos’ former chief executive officer Luiz Sandoval and former executives of Banco Panamericano SA are seeking 150 million reais ($74 million) of workers’ compensation from Banco BTG Pactual SA, Veja magazine columnist Lauro Jardim reported, without saying where he got the information.

BTG’s investor relations department didn’t immediately respond, outside regular business hours, to a phone call and an e-mail from Bloomberg News seeking comment.

To contact the reporter on this story: Karen Eeuwens in London at

To contact the editor responsible for this story: Dick Schumacher at

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