BTG Pactual Shares Tumble 20% Following CEO ArrestMani
BTG Pactual, one of Latin America’s biggest investment banks, plunged over 20% after Andre Esteves, the CEO and controlling shareholder, was arrested in the corruption probe that has shaken Brazil’s political and economic leadership.
According to an official for the federal Supreme Court, which authorized the action, Esteves is under temporary arrest for a maximum of five days.
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