Agrenco Executives Arrested in Brazil

Agrenco Executives Arrested in Brazil

People Corporate & Sovereign Strategy

Two leading executives at Brazil-based agricultural trading company Agrenco were arrested last week in Sao Paulo. Antonio Iafelice, CEO and Antonio Augusto Pires, COO, were taken in amid investigations into an alleged illegal trading ring, according to local press, which cites the federal police. An Agrenco spokesperson in Sao Paulo confirms the arrests. The Franco-Brazilian soft commodities trading company, headquartered in Bermuda, went public last October via a BDR listing. It delivered poor

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