Brazil's BTG Pactual confirms arrest of CEO, cooperating with probe

Brazil's BTG Pactual confirms arrest of CEO, cooperating with probe

SAO PAULO (Reuters) – Brazilian investment bank BTG Pactual SA confirmed that Chief Executive Andre Esteves was arrested on Wednesday & said it was available to cooperate with investigations.

BTG Pactual units fell around 19 percent in early trading on the Sao Paulo stock exchange as a sweeping probe of corruption stemming from state-run oil company Petrobras threatened to ensnare the country's biggest investment bank.

(Reporting by Tatiana Bautzer; Editing by Lisa Von Ahn)

Source: “Reuters”