BTG's Esteves Should Be Acquitted, Brazilian Prosecutors Say
- Banker’s lawyer expects client to be cleared in about a month
- No proof found of billionaire’s part in corruption scheme
Andre Esteves.
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Andre Esteves, the billionaire founder of investment bank Grupo BTG Pactual, didn’t participate in a corruption scheme and should be acquitted by the court, the Brazilian Prosecutor’s Office said late Friday.
There is “no sufficient proof” against the banker, the office said in a filing to a federal court in Brasilia signed by prosecutor Ivan Claudio Marx. Esteves, when invited, declined to participate in the scheme, according to the filing. He has always denied wrongdoing.