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

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

BNDES approves R$ 244.9 million for bp bioenergy to build a biogas plant in Goiás that will transform ethanol vinasse into renewable fuel.

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R$ 640 thousand flying out the window in broad daylight: a woman in China throws money from her apartment in Shantou for about 20 minutes, mobilizing residents who rush to collect the bills and prompting police to investigate what really motivated the unusual scene.

U.S. researchers publish the first national map of natural hydrogen, placing 30 states on the radar and changing what was known about clean energy in the American underground.

Two children were forgotten by school vans on the same day in Greater São Paulo: a 2-year-old girl ran after the vehicle in the middle of the street, and a 5-year-old boy was locked inside for over an hour.