Former Itau CFO Accused of Fraud Has House Seized in Sao Paulo
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Former Itau Unibanco Holding SA Chief Financial Officer Alexsandro Broedel Lopes, accused of fraud by the Brazilian bank, had his house seized by a judge in Sao Paulo, according to documents seen by Bloomberg.
Broedel, who's now a senior vice president at Banco Santander SA in Madrid, was trying to sell the house, Itau said in a lawsuit, adding that the executive may need it to pay a 3.35 billion-real ($575 million) indemnification the lender is asking for.
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