Moody's says BTG Pactual CEO's absence could hurt credit rating
SAO PAULO Nov 25 (Reuters) - The credit rating of Brazilian investment bank BTG Pactual SA could suffer if its chief executive is forced into a prolonged absence, Alcir Freitas, a senior bank analyst at Moody's Investor Services said in a statement on Wednesday.
Earlier in the day, police arrested André Esteves, the bank's billionaire CEO and controlling shareholder, on suspicion of obstructing justice in a sweeping corruption investigation. Court representatives said Esteves had been arrested temporarily for five days, with a potential extension of five days. (Reporting by Aluisio Alves; Editing by Chizu Nomiyama)
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