Former investment bank chief freed from jail


Brazil’s Supreme Court released André Esteves, former chief executive of the Brazilian investment bank BTG Pactual, from jail on Thursday, but the fallen banking star is far from a free man.

The New York Times reports that Esteves was first arrested along with a leading senator in November after a cellphone recorded the senator discussing plans to pay, with Esteves’s help, a key witness, Nestor Cerveró, in a corruption investigation to flee the country.

The police subsequently found documents that may indicate BTG Pactual paid legislators in return for favours. The country’s prosecutor general has asked that criminal charges be brought against Esteves.

Esteves and BTG Pactual have protested their innocence, and Esteves’s lawyers have argued that there is no evidence linking him to the plot to pay off the witness, noting that his voice is not on the incriminating recording.

To access the complete New York Times article hit the link below:

Former Chief of BTG Pactual, André Esteves, Is Freed From Jail

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