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How Brazil's scam-tainted banking golden boy built an empire
Published Sun, Dec 27, 2015 · 09:50 PM
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Sao Paulo
ANDRE Esteves, the brash banker who once joked his firm's name, Grupo BTG Pactual, stood for "better than Goldman", has become the latest high-profile executive dragged into Brazil's widening corruption scandal.
The 47-year-old billionaire was arrested last month in Rio de Janeiro, along with Senator Delcidio Amaral. Esteves allegedly sought an agreement with Amaral to interfere with testimony from a jailed former executive of oil producer Petroleo Brasileiro SA, according to a court document.
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