Former partners of bankrupt Brazilian lender Banco Gerador are caught up in a legal conflict over the parties' liabilities arising from the bank's closure in 2014, Valor Econômico reported.
The Macêdo family, which said they had lost 180 million reais from the bankruptcy, is claiming a debt worth 40 million reais from former partner Antônio Lavareda. Meanwhile, Lavareda said he had absorbed losses of 90 million reais from the bank's collapse and plans to file legal action against his former partners for fraudulent management.
A judge had dismissed a lawsuit worth 11 million reais filed by the Macêdos against Lavareda, although the family has reappealed. The Macêdos also assert that Lavareda has emptied his accounts to prevent a possible execution of a separate lawsuit worth 24 million reais.
An audit from the financial activities control council Coaf observed "atypical" movements of 1.3 million reais from Lavareda's accounts and 71.2 million reais from those owned by two members of the Macêdo family.
Meanwhile, Lavareda alleged that three members of the Macêdo family, including former Banco Gerador President Paulo Dalla Nora Macêdo, were behind a shooting incident in May at research institute Ipespe, which is owned by Lavareda.
Banco Gerador started operations in 2009 with the goal of serving small- and medium-sized businesses in northeastern Brazil, but began facing economic difficulties in 2014 when its solvency level fell well below the minimum 11% required by the central bank.
In 2016, the partners sold the bank to Agiplan Financeira, currently Banco Agibank SA, for 1 real.
As of Aug. 19, US$1 was equivalent to 4.03 Brazilian reais.
