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

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

While banks see the risk of default and difficulty in recovering financed motorcycles, the Lula government is considering using a guarantee fund to unlock credit for delivery workers; the measure could reach up to 1.2 million workers linked to digital platforms.

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A study proposes transforming the Moon into a kind of quarantine center for samples brought from Mars and other worlds, creating a sterile and isolated barrier that would filter any unknown organisms before the material reaches Earth and its ecosystems.

A street cleaner who earns R$ 2,100 per month put her cell phone aside for a few minutes and returned to find a Pix transfer of R$ 203,000 mistakenly deposited into her account, an amount that, according to her, she wouldn’t be able to save even if she worked for a hundred years.

Pharmacy giant is fined R$ 10 million by the Maranhão Court for requiring CPF to grant discounts, pressuring consumers at the checkout, and raising a national alert about the collection of personal data in pharmaceutical retail.

Wax notebook falls into latrine 800 years ago, survives intact in Germany and reveals Latin notes that may expose the routine of a high-status medieval merchant.