BTG Founder Esteves Acquitted in Brazil Witness Tampering
- Judge says there’s no ‘valid proof’ against the banker
- Esteves was briefly jailed in 2015 due to obstruction charges
Andre Esteves.
Photographer: Chris Ratcliffe/Bloomberg
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Andre Esteves, the founder of investment bank Banco BTG Pactual, was cleared by a Brazil federal judge of charges he participated in a corruption scheme, which had led to his arrest in 2015.
Judge Ricardo Leite acquitted the banker on Thursday, saying there was no “valid proof” for a conviction, according to a court document. In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped.