Atlético-MG SAF investment linked to funds under investigation for PCC ties | OneFootball

The investment by banker Daniel Vorcaro in Atlético-MG’s SAF is allegedly derived from investment funds under investigation by the São Paulo Public Prosecutor’s Office (MP-SP) on suspicion of money laundering and asset concealment for the PCC (First Command of the Capital). The information was released this Friday by Rodrigo Capelo’s column in Estadão, in partnership with Demétrio Vecchioli of Sport Insider.

According to documents from the Securities and Exchange Commission of Brazil (CVM), the funds invested by Vorcaro — totaling R$ 300 million between 2023 and 2024 — would have come from the Hans and Olaf funds, cited by the MP-SP in the Hidden Carbon Operation as part of a structure used by organized crime to move capital illicitly.

The investment was made through the Galo Forte FIP, a fund used to acquire 26.9% of Galo Holding SA, the company that controls the Atlético SAF.

Banco Master, led by Vorcaro, denied any involvement with the cited funds. Reag Investimentos, the manager responsible for administration, also stated that it acts only as a service provider and not as the owner of the resources.

In a statement, Atlético-MG said that the Galo Forte FIP fund is regular and registered with the CVM and that the club is not aware of any irregularities.

Atlético-MG statement

The Galo Forte Multi-Strategy Private Equity Investment Fund is a duly established and compliant investment vehicle before the Securities and Exchange Commission of Brazil (“CVM”), under the administration of Trustee Distribuidora de Títulos e Valores Mobiliários LTDA.

Trustee Distribuidora de Títulos e Valores Mobiliários LTDA is likewise a company registered with the CVM. Said fund is a shareholder of Galo Holding S.A., in which context Atlético has no knowledge of any irregularities.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.