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The 300 Million Reais Blocked from Engevix by the Courts Should Be Used to Compensate the Damages Caused to Retirees of the Federal Savings Bank
Although Engevix is out of the “blacklist” and may resume business with Petrobras later this year, Judge Vallisney de Souza Oliveira, from the 10th Criminal Court of the Judicial Section of the Federal District, ordered on last Monday (09/28), the blocking of 300 million reais from the Engevix Group. See the full decision, signed and obtained exclusively by Poder360.
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The 300 million reais blocked by the courts should be used to compensate the damages caused to retirees of the Federal Savings Bank, through misappropriations from Funcef, the pension fund for bank employees.
The naval construction company Ecovix will be responsible for covering R$ 100 million from the auction of the metallic structures of the oil platform P-71. The remaining R$ 200 million refers to the sale of the São Roque hydropower plant in Santa Catarina, which has a capacity of producing 142MW (megawatts). About 80% of the works are completed.
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Moreover, the judge determined that Engevix cannot dispose of the plant “in any way other than to sell it to third parties during the entire negotiation period announced, being prohibited from using the asset as collateral for other creditors or conducting any transaction that implies the unavailability of the asset.”
According to Nova Ecovix, the block imposed by the courts in the amount of R$ 300 million was determined in 2016, as a guarantee to Funcef in case the group is convicted in the Lava Jato investigations. According to the advisory, the amounts cannot be collected before the end of the process.
Funcef states that the judge blocked Engevix’s assets to ensure payment to the fund, given that the company has not yet deposited the money.
See the Statement Issued by the Engevix Group
“Since 2019, Nova Participações has signed a leniency agreement with the Union and committed to best management practices and the payment of 516 million reais, which it has been faithfully fulfilling. It is important to explain that Funcef had a 25% stake in the Rio Grande Shipyard. However, the company entered judicial recovery at the end of 2016, leading to the cessation of platform construction activities. The interests of Funcef in the shipyard have been dealt with in the context of judicial recovery and the Court of Justice of the State of Rio Grande do Sul. Therefore, there is a conflict of competencies, which will be clarified to the judge in Brasília when the group is duly notified about the decision.
Regarding Funcef’s investments in the energy company DESENVIX Fontes Renováveis, in which the fund still retains an 18% stake in the company, it is worth mentioning that it is a very successful enterprise that has generated significant financial results.
Due to the precautionary measure, the company provided sufficient guarantees to cover any potential judgment in this process, which were accepted in 2016 by the Federal Public Ministry and are fully valid and regular.
Even though the works of the São Roque hydropower plant are still in the process of completion, it is important to clarify that São Roque Energética S.A in no way relates to the aforementioned facts. Grupo Nova Participações reiterates its full confidence in the Judiciary and awaits the re-evaluation of the decision after the clarifications have been submitted.”
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