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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 15 days · First seen · Last updated

Liquidation of Grupo Simpala entities in Brazil

Overview

The Central Bank of Brazil ordered the extrajudicial liquidation of two Grupo Simpala entities, Simpala Lançadora e Administradora de Consórcios and Simpala S. A. Crédito, Financiamento e Investimento. The decision followed the institutions’ compromised economic-financial status and “grave violations of the rules that govern their activities.” The Central Bank also ordered that the assets of the companies' controllers and former administrators be made unavailable.

Following the liquidation, the Credit Guarantee Fund (FGC) began disbursing R$ 635.3 million to approximately 22,000 eligible investors and depositors. These payouts are subject to a limit of R$ 250,000 per individual or legal entity.

Entities

Grupo Simpala · Central Bank of Brazil · Fundo Garantidor de Créditos · Banco Central do Brasil · Will Bank

Timeline

  1. 11 days ago

    [BUSINESS] 7 sources
    FGC begins R$ 635 million payout to Simpala investors

    The FGC has started paying R$ 635.3 million in guarantees to 22,000 Simpala investors following its liquidation by the Central Bank.

  2. 25 days ago

    [BUSINESS] 3 sources
    Central Bank of Brazil liquidates two Grupo Simpala entities

    The Central Bank of Brazil has ordered the extrajudicial liquidation of two Grupo Simpala companies due to financial risks and serious regulatory violations.

Sources

bpmoney.com.br · brasilemfolhas.com.br · dev.tnonline.com.br · home.dgabc.com.br · infomoney.com.br · tnonline.com.br · viagemegastronomia.com.br