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Meet Brasil CRT, Company That Announced Mega Investment in Paraíba and Surprises by Having Headquarters in Commercial Building in BH
A Chinese company, Brasil CRT, that recently caused a stir by announcing a colossal investment of R$ 9 trillion in the construction of a deep-water port and a futuristic city in Paraíba, has its headquarters in a discreet commercial building in the Centro-Sul region of BH (Belo Horizonte), Minas Gerais. The discovery was made by reporters from Itatiaia, who visited the site on the afternoon of this Tuesday (26).
Chinese Investment Impresses and Raises Questions About the Source of Funds and the Viability of the Project in Paraíba
Brasil CRT, managed by the Chen family, has a social capital of R$ 800 billion, almost the equivalent of the GDP of Minas Gerais. However, the Chinese company operates in a room at the Helbor Offices building in Savassi, BH, where rooms can cost more than R$ 1 million. The discrepancy between the social capital and the location of the headquarters in BH raises questions about the source of the investments and the viability of the project announced in Paraíba.
The Chinese entrepreneurs Chen, responsible for Brasil CRT in BH, are often seen in the building. Ruotian Chen, Yi Chen, and Jianing Chen regularly visit the site and communicate fluently in Portuguese. The company involving the Chinese, registered in 2011, has recently gained attention for its promises of investment in Paraíba.
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Investment in Paraíba Generates Controversies and Investigations
Following the announcement of the investment in Paraíba, which drew interest from local and national authorities, the Public Ministry of Paraíba began an investigation to assess the viability and legitimacy of the project. Governor João Azevêdo canceled a scheduled meeting with the Chinese executives after the repercussions of the case, in which the headquarters in BH were discovered.
Despite the controversies involving the Chinese and the ongoing investigations, the management of Brasil CRT denies any irregularities at the headquarters in BH and states that details about the investment will be revealed as the project progresses. The Chinese promised that the consortium of investors involved in the Paraíba project will be disclosed at the appropriate time, remaining discreet about the details until then.
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