Brazil's Esteves Wins Release From Jail, Under House Arrest

Updated on
  • Former BTG leader must stay at home until he finds a job
  • Lost his role as chairman and chief executive officer of BTG

Andre Esteves.

Photographer: Fernando Frazao/Agencia Brasil

Andre Esteves, the billionaire founder of Grupo BTG Pactual SA, won his release from jail three weeks after being arrested in connection with a corruption probe in Brazil. BTG’s bonds and shares soared.

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