Suno Group undergoes search and seizure operation in offices – 02/14/2023 – Market

The Suno Group, which operates in areas such as research, resource management and investor advice, confirmed to Reuters that a search and seizure operation is being carried out in its offices this Tuesday morning (14).

“The company did not have access to the process, therefore, at this moment, it cannot give more details of the action”, said Suno in a note, in which it also commented that it is “100% sure” about its performance.

“We are calm and certain of our innocence and of the suitability of all our analysts and professionals. We trust in the action of Justice and that the investigation will be concluded soon.”

Earlier, O Globo columnist Lauro Jardim published about the operation, stating that it was determined by the 42nd Civil Court of São Paulo at five addresses in three cities – São Paulo, Porto Alegre and Goiânia – in an investigation into alleged manipulation in the real estate market.

Sought by Reuters, the Court of Justice of the State of São Paulo stated that “this process is being processed in secrecy of justice and, therefore, there is no information available”.

Last year, XP Inc signed an agreement to acquire a strategic minority stake in the Suno Group, involving Suno Research, Suno Asset, among other fronts of content, data and analysis on the financial market.