Vinci alleges that funds associated with the Reag are hiding the family’s agricultural heritage.
Paraphrase: Brief overview
- Vinci Compass alleges that funds associated with the Reag have hidden the Arantes family’s inheritance.
- The family’s debt in the legal proceedings has now surpassed R $ 200 million.
- The judge decided to send vehicles on June 22 to examine buildings.
- The Arantes family has incurred debts totaling R $ 22.3 billion since 2019.
- The Central Bank identified Grancarnes as one of the questionable companies involved in the Banco Master case.
The Justice of São Paulo ordered the CBSF Trust Administrator, previously the Reag Administrator, and the liquidator of the CBSF, previously the Reag Trust, to provide documentation for two investment funds to establish the identity of their shareholders.
The ruling, made on June 22 by the 7th Civil Court of the Central Civil Forum of São Paulo, responds to a petition from Vinci Compass related to a conflict within the Arantes family, a well-known agribusiness group.
Structures associated with the ex-Reag are believed to have been utilized to conceal the wealth of the Arantes family, who are facing significant financial obligations. This assertion is part of the ongoing case and will be reviewed by the Court.
The documents requested pertain to the Bansko Investment Fund in Participations (FIP) and the Orchid Real Estate Investment Fund (FII). Vinci claims that these funds would be part of a corporate hierarchy that oversees Grancarnes and the Monte Verde Fridge in Mato Grosso, which is the primary operational asset of the group.
Vinci requests identification of shareholders.
The FIDC Special Actives II, da Vinci SPS, the manager’s special situations arm helped with the process. The company asked for the shareholders and ultimate beneficiaries of the funds to be identified to reveal the alleged societal structure used for asset protection.
Vinci asked for a 30-day freeze on financial assets and a precautionary seizure of the Monte Verde Fridge. The judge refused these requests due to lack of solid evidence of misuse or diversion of assets.
The debt in question, which was initiated in 2019, surpasses R $ 200 million. Vinci had previously requested the involvement of Grancarnes, Grancarnes Holding, and related funds in the legal proceedings earlier this year.
Grancarnes is also mentioned in studies related to Banco Master.
The situation evolved further when the Central Bank identified Grancarnes as one of the companies implicated in questionable loan transactions in the Master Bank case.
The BC states that these actions could have enabled the redirection of R$1.5 billion via investment funds. Being part of the investigation does not necessarily imply the company’s involvement in wrongdoing.
Information is being requested about funds.
Vinci argues that the out-of-court settlement of the Reag Trust by the Central Bank raised the risk of losing important documents needed to identify the actual beneficiaries of the funds. As a result, Vinci requested expedited issuance of subpoenas for the administrator and liquidator.
The court ruling mentions three funds: Silistra Fiagro FIP managed by Aguila Capital, as well as Bansko FIP and Orchid FII.
Public information from the Securities Values Commission (CVM) indicates that Orchid FII maintained a net worth of approximately R$ 117 million in 2024 and about R$ 125 million from early 2025 to May 2026.
Bansko FIP consistently had a negative net value during the examined time frame, whereas Silistra Fiagro FIP increased from R $ 8.9 thousand in April 2024 to approximately R $ 46.9 million in August of that year, maintaining assets around R $ 47 million thereafter.
Companies refrain from providing comments.
The CBSF Trust and the institution’s liquidator did not respond to press inquiries until this text was published.
Vinci stated that it would not provide any comments on the matter.
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