Reag, Altinvest and partners have connection in other fronts with the PCC, says Gaeco

By Cristiane Barbieri and Marcelo Godoy, from Estadão São Paulo, 10/14/2025 - The relationship between the asset managers Reag Investimentos and Altinvest with the Primeiro Comando da Capital (PCC), revealed by Operation Carbono Oculto, goes beyond the administration of investment funds linked to the criminal organization, according to the São Paulo Public Prosecutor's Office (MPSP). The prosecutors told the court that Reag and some of its partners and directors, as well as Altinvest shareholders, have stakes in businesses linked to the faction, among other connections. Contacted, Reag stated in a statement that the allegations seeking to associate its performance or that of its directors with irregular practices are "unfounded" (read the full statement below). Altinvest also said, also through a statement, that it "vehemently repudiates any attempt to associate the company or its professionals with organized crime. All corporate holdings and activities are duly registered and ...