The São Paulo Civil Police launched on Wednesday (23) the operation “Devastated Forest”, which aims bankers and executives accused of diverting money from customers to a offshore in Belize. The court authorized the abduction of assets of the investigated up to the limit of R $ 500 million.
Among the targets are banker Nelson Nogueira Pinheiro and his brothers, Noberto and Jaime Nogueira Pinheiro Filho, partners of MRCP Participações S/A. Search and seizure warrants reach nine groups linked to the group, including properties, works of art, jewelry, cash, documents and electronic equipment.
The 2nd Court of Tax Crimes, criminal organization and washing of assets decreed the blockade of goods of 16 individuals and 19 companies. These include Panama FPB Bank Inc, Brickell Participações S/A, and Ducoco Food Products SA – the latter with debts over R $ 667 million and in judicial recovery.
According to the Civil Police, the FPB Bank transferred customer investments to an offshore in Belize without authorization and did not return the values. The suspicion is that the funds have been directed to group companies in tax havens.
Investigations began in 2023 after suspicions of fraud in the Brickell Participações extrajudicial recovery process. The São Paulo Court had already revoked the plan initially approved in 2019.
The Public Prosecution Service of São Paulo points to signs of estelionato, money laundering and criminal organization. Two victims who testified to the police reported losses of about $ 130 million.
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Ducoco, also controlled by Nelson Pinheiro, was sold to Malibu Holding SA in a judicially contested operation. FPB Bank was settled in 2017, after intervention by the Panama Banks Superintendence.
Norberto Nogueira Pinheiro, one of the investigated, is also the controller of Banco Pine, medium -sized, founded in 1997, which had IPO held in 2007.
