Flamengo president denounced for his fraudulent management by the Public Prosecution

President flamingo, Rodolfo Landim, was convicted of fraud by the Federal Public Ministry last Tuesday.

Luis Rodolfo Landim Machado, Nelson José Guimarães Guimarães, Damien Vioca, Jeffrey David Cleaver and Gustavo Henrique Lince Peixoto were mentioned as representatives of Maré Investimentos and Mantiq in a “scheme” that would have run from 2011 to 2016.

The MPF indicates that members of the Investment and Participation Funds (FIP) have received amounts invested by supplementary pension entities (Funcef, Petros and Previ pension funds) and infrequently sent them abroad.

Regulations did not allow pension funds to be invested in foreign companies. However, the directors wanted to invest in the American company Deepflex. Therefore, MPF claims that a “maneuver” was carried out, in which Brasil Petróleo e Participações SA and Deepflex do Brasil, as “front vehicles”, were created.

Deepflex went bankrupt and all the money invested disappeared.

MPF indicates that the accused acted cunningly to allow the investment in a foreign enterprise. Because of the fraudulent administration, the procedure requires the conviction of the accused, which may lead to imprisonment from 3 to 12 years, as well as economic and moral compensation to the victims in the triple amount of the damage caused (Brazilian reais 300.9 million), to be updated later, “as stated in the statement of the Public Prosecution Office.

The lawsuit is being processed in the 10th Federal Court of Justice.