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2 clusters · 35 sources · 17 days · First seen · Last updated

Refit Group bankruptcy and labor disputes

Overview

The Refit Group in Brazil is facing severe legal and financial collapse. Initially, labor disputes emerged as more than 130 dismissed workers sought unpaid severance, FGTS, and labor fines. The Union of Road Workers Employed in Dangerous Goods Companies of the State of Rio de Janeiro filed a request to freeze approximately R$ 5.9 million to guarantee these payments, targeting several companies within the group including Logfit, 76 Oil, and Manguinhos Distribuidora.

Following these labor issues, a Rio de Janeiro court decreed the formal bankruptcy of the Refit Group, converting a judicial recovery process that had been active since 2015. The ruling affects Refinaria de Petróleos Manguinhos S/A, Gasdiesel Serviços Ltda., MG Distribuidora S.A., and Manguinhos Química S/A. This decision follows investigations into alleged structured tax fraud and evasion, with estimated liabilities exceeding R$ 25 billion.

Judge Arthur Ferreira of the 5th Business Court noted that the group’s business model appeared to be based on repeated tax evasion, citing various police and fiscal operations including ‘Operação Sem Refino’, ‘Cadeia de Carbono’, and ‘Carbono Oculto’. The bankruptcy request was formally moved forward by the State of Rio de Janeiro and the State Public Ministry. The court has ordered the immediate freezing of all bank accounts and assets and requires a list of creditors to be presented within five days. The group’s activities had already been suspended following administrative interdiction by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The group’s controller, Ricardo Magro, is currently considered a fugitive.

Entities

Ricardo Magro · Grupo Refit · Gasdiesel Serviços Ltda. · ANP · Arthur Eduardo Magalhães Ferreira

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. 30 days ago

    [BUSINESS] 35 sources
    Refit Group companies declared bankrupt by Rio court

    A Rio de Janeiro court has decreed the bankruptcy of four Refit Group companies, citing structured tax fraud and massive tax debts following years of unsuccessful judicial recovery.

  2. about 2 months ago

    [BUSINESS] 2 sources
    Refit workers await court hearing over unpaid severance

    Over 130 former Refit employees face delays in receiving severance and labor fines, with a court hearing to request a R$ 5.9 million asset freeze set for October 21.

Sources

acessa.com · araucarianoar.com.br · barq-news.com · bpmoney.com.br · brasil247.com · cbn.globo.com · dev.tnonline.com.br · diariodoporto.com.br · economia.estadao.com.br · economia.ig.com.br · epbr.com.br · errejotanoticias.com.br · freguesianews.com.br · home.dgabc.com.br · informa1.com.br · jornaldebrasilia.com.br · jornaldiadia.com.br · maranhaodagente.com.br · mauaagora.com.br · metro1.com.br · mobile.valor.com.br · moneytimes.com.br · mrnews.com.br · newslog.com.br · odiariodebarretos.com.br · oglobo.globo.com · petronoticias.com.br · pontanegranews.com.br · revistavigor.com.br · sbtnews.sbt.com.br · spacemoney.com.br · terra.com.br · tnonline.uol.com.br · tribunadodireito.com.br · viagemegastronomia.com.br

This summary has been updated 1 time: see revision history