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BTG Pactual plummets after Esteves arrest

2015-11-26 20:57:21| Oil & Gas - Topix.net

Brazil's biggest financial firm was on a steep and slippery slope on Thursday, as officials in the Latin American nation detained BTG Pactual's chairman on suspicion of testimony interference. The Brazilian Supreme Court had issued a warrant to detain Andre Esteves - widely held as the man responsible for transforming the company from a Brazilian afterthought into the largest bank on the continent - as part of the country's wider corruption probe.

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