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Brazil Police Detain Gol Founder on Attempted Murder

Dec. 16 (Bloomberg) -- Constantino de Oliveira, founder of Brazilian airline Gol Linhas Aereas Inteligentes SA, was detained in Brasilia yesterday for his alleged involvement in the attempted murder of his son-in-law.

Nene Constantino, as he is known, was detained together with a former military policeman who is accused of committing the crime in June 2008, according to an e-mailed statement from the civil police department. Constantino is the father of Gol Chief Executive Officer Constantino de Oliveira Jr.

Marcelo de Bessa, a lawyer representing Constantino, didn’t immediately return a call left with his secretary in Brasilia today. A Gol official in Sao Paulo declined to comment by phone because Constantino doesn’t work for the company.

Eduardo Queiroz Alves, Constantino’s son-in-law, was exiting a garage in his vehicle when an unidentified man, who was standing at a bus stop, approached the moving car and shot at him from a meter away, according to the civil police e-mail. Queiroz Alves was unharmed.

Gol fell 3.3 percent to 24.89 reais in Sao Paulo. The shares have fallen 4.6 percent this year, compared with a 1.9 percent drop in Brazil’s benchmark Bovespa index.

To contact the reporter on this story: Laura Price in London at lprice3@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

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