May 26, 2017 / 7:23 PM / a year ago

Bastos resigns as head of Brazil's BNDES development bank

SAO PAULO, May 26 (Reuters) - Maria Silvia Bastos has resigned as head of BNDES due to personal reasons, the Brazilian development bank said in a statement on Friday.

BNDES director Ricardo Ramos will take over her position on an interim basis, the statement said. BNDES has been ensnared in recent months in a mounting political scandal over investments in JBS SA, the world’s largest meatpacker, years before Bastos took over at the helm of the bank. (Reporting by Rodrigo Viga Gaier; Writing by Bruno Federowski; Editing by Frances Kerry)

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