Eletrobras fires executive involved in alleged fraud – 07/03/2023 – Panel SA

Eletrobras dismissed the marketing vice-president, João Carlos de Abreu Guimarães. In a statement, the company said the decision was taken by the board of directors.

As Panel SA showed, a complaint filed with the CVM for alleged fraud committed by Grupo Delta Energia put the executive in an embarrassing situation.

Although it is still in the preliminary phase of investigation by the municipality, the complaint points to evidence of simulated operations that, supposedly, caused damage to two investment funds linked to Delta – and which were backed by operations of purchase and sale of energy in the free market.

At the time, Guimarães was director of Beta, one of the energy trading companies linked to the group, which was the subject of the complaint. Until this Monday, the executive was in charge of selling energy at Eletrobras.

The column obtained a copy of the complaint made by a former director of a trader from another economic group involved in the deal. In it, he claims that Delta, through its energy trading companies and third-party companies in financial difficulties, simulated energy purchase and sale operations that were intended to generate gains for two investment funds controlled by Delta.

Beta, managed by Guimarães, was one of the main sellers of the alleged scheme.

When consulted, Delta denies wrongdoing and says the report is a lie.

With Diego Felix

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