Bloomberg News

BTG ‘Hasn’t Been Notified’ About Executives Seeking Compensation

July 22, 2012

Banco BTG Pactual SA “hasn’t been notified” about executives including Grupo Silvio Santos’ former chief executive officer, Luiz Sandoval, seeking compensation, Leandro Buarque, a BTG spokesman, said by e-mail.

Veja magazine columnist Lauro Jardim today reported that Sandoval and former executives of Banco Panamericano SA are seeking 150 million reais ($74 million) of workers’ compensation from BTG.

To contact the reporter on this story: Karen Eeuwens in London at

To contact the editor responsible for this story: Karen Eeuwens at

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