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Special Release - Eletrobras debentures
 
  BIGGEST FRAUD OF THE BRAZILIAN AND INTERNATIONAL STOCK MARKETS  
  MORE THAN 350 BILLION ON DOLLARS IN NET RESERVES AND NAELY HALF A TRILLION DOLLARS IN ASSETS  
 
 
Auditing firm finds fraud at ELETROBRAS

Auditing firm finds fraud of approximately 20 billion dollars at ELETROBRAS.

The auditors' report demonstrates the illegal payment of capital using reserves that should have been used for the dividends to minority shareholders with preferred shares and to the payment of debentures recorded in the company`s accountancy and mentioned in Shareholders` Meetings.

It is also demonstrated the illegal appropriation of capital by shareholders like CAIXA ECONÔMICA FEDERAL (Brazilian Federal Bank for Savings and Loans), BNDES (National Brazilian Bank for the Social Development), BNDESPAR (equity fund owned by BNDES), Banco do Brasil (Brazil`s Bank) and the Central Federal Brazilian Administration nicknamed in Portuguese as “União”.

Below follows documents that proof this fraud at Eletrobrás:

The auditors report about Eletrobras Shareholders' Meeting.
Read it

The auditors report commented by the lawyer, Dr. Édison Freitas de Siqueira.
Read it

BRANDES INTERNATIONAL EQUITY FUND lawsuit in Brasil against Eletrobrás.
Read it

The General and Extraordinary Shareholders’ Meeting of Eletrobrás.
Read it

 

If you want to know more about this fraud, contact us.

 

 
  edisonsiqueira.com.br  

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