Businessman Who Offered R$ 1.9 Billion for Eike Batista's Debentures and Tried to Rescue the Former Billionaire Is Accused of Fraud and Defaulting on Brazilian Startup

Businessman Who Offered R$ 1.9 Billion for Eike Batista’s Debentures and Tried to Rescue the Former Billionaire Is Accused of Fraud and Defaulting on Brazilian Startup

Written by Flavia Marinho

Published on 01/09/2022 at 13:46

Eike Batista o homem que foi considerado pela Forbes o sétimo mais rico do mundo – Imagem Wordfinance

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Costa Tried to Participate in July in an Auction of Eike Batista’s Debts but Was Blocked for Not Presenting the Necessary Guarantees.

Renato da Cruz Costa, owner of RC Group, who tried to get Eike Batista out of trouble and offered R$1.9 billion upfront for the former billionaire’s debentures, is being accused of fraud by the Brazilian startup Agrothings, which provides technological solutions for agriculture.

Costa tried to participate in July in an auction of Eike Batista’s debts but was blocked for not presenting the necessary guarantees.

According to Denille Molina and Tiago Diogenes, owners of Agrothings, created by the entrepreneurs in 2017, Costa sent an email in August 2020 expressing his interest in the startup and indicating his interest in investing US$ 1 million in it.

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Recall the Case: Entrepreneur Interested in Purchasing Debentures from the Former Billionaire Is Target of Lawsuits and Defaults in Brazil

Renato da Cruz Costa is the target of at least 18 lawsuits in Brazil, accused of fraud and defaulting on various expenses, says O Globo.

According to O Globo, of the 18 lawsuits found by the newspaper in the TJ-SP systems against Renato Cruz and his former company, RC Prime Operações e Negócios, 7 are active and 11 have suspended proceedings, as the Justice cannot locate him for formal citation. There are also six labor lawsuits against RC Prime.

“There is everything from an execution action to charge the owner of RC Group for a bounced check of R$ 6,500.00 to a conviction for him to pay R$ 272,000 to a rental company. In a 2019 lawsuit, a car rental company in Belo Horizonte accused RC Prime of improperly appropriating two rented cars – a Mercedes Benz C250 and an Audi Q5 2.0. According to the action, RC Prime rented the vehicles, did not return them on the expected date and also did not pay the daily fees,” says the report.

With a fortune estimated at US$ 30 billion, Eike Batista was once the seventh richest man in the world in 2012 but lost the title the following year. In twelve months, the fortune fell to R$ 2.95 billion.

Businessman Who Offered R$ 1.9 Billion for Eike Batista’s Debentures and Tried to Rescue the Former Billionaire Is Accused of Fraud and Defaulting on Brazilian Startup

Costa Tried to Participate in July in an Auction of Eike Batista’s Debts but Was Blocked for Not Presenting the Necessary Guarantees.

Recall the Case: Entrepreneur Interested in Purchasing Debentures from the Former Billionaire Is Target of Lawsuits and Defaults in Brazil

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Businessman Who Offered R$ 1.9 Billion for Eike Batista’s Debentures and Tried to Rescue the Former Billionaire Is Accused of Fraud and Defaulting on Brazilian Startup

Costa Tried to Participate in July in an Auction of Eike Batista’s Debts but Was Blocked for Not Presenting the Necessary Guarantees.

Recall the Case: Entrepreneur Interested in Purchasing Debentures from the Former Billionaire Is Target of Lawsuits and Defaults in Brazil

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

10 giant tortoises are reintroduced and, in just 6 months, trigger changes that lead scientists to investigate a phenomenon absent for 180 years; the numbers recorded on the island impress researchers from around the world.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

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Honda has a hybrid “premium van” with 7 or 8 seats cheaper than the Tiggo 8 Pro Plug-in Hybrid when converted: Step WGN and costs around R$ 125,000 without taxes, features sliding doors, seats with leg support, and a boxy family look in Japan.

Two brothers set up a listening station in a bunker and fueled the legend of the lost cosmonauts, the Cold War mystery about alleged Soviet signals picked up before Gagarin that still intrigues space race enthusiasts today.

A company from the interior of Santa Catarina receives wood from sawmills that would last one or two years and returns it with a guarantee of over 15; the secret of treated wood lies in replacing the sap of eucalyptus and pine with a chemical solution in a process of about 10 days.