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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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The entrepreneurs filed a police report at the Carapicuíba (SP) sectional police station in October 2021. According to them, Costa said that in order to invest the promised amount, it would be necessary to establish a headquarters for Agrothing in the United States, which would have to be funded by Denille and Tiago.
The startup’s entrepreneurs state that they invested US$ 7,220 (R$ 37,500) in this process but never received the promised investment of US$ 1 million.
In defense, RC Group informed UOL, through its press office, that it is “conducting the investigation of occurrences of administrative and bureaucratic problems related to the alleged accusations made by entrepreneurs.”
The company reiterates that “so far, it has not officially received complaints regarding any irregularities in negotiations, nor any notices from public authorities or the Brazilian or American Justice.”
The group stated in a note that “the victim and the owner of the company have already been heard. The investigations continue aiming for clarification of the facts.”
by – Matheus Brum UOL
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.
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