A forensic report in Fictor's judicial recovery process uncovered irregularities at addresses of several subsidiaries, raising questions about their inclusion in the restructuring plan. The company argues this could jeopardize its operations, while creditors highlight patrimonial confusion. The São Paulo Court of Justice granted a temporary suspension of executions against the holding.
The report issued by Laspro Consultores, within Fictor Holding and Fictor Invest's judicial recovery request, identified inactivities and irregularities at multiple subsidiary addresses. These findings are key to determining whether companies like Fictor Alimentos, Fictor Real Estate, and Fictor Energia will be included in the restructuring, as demanded by creditors.
Fictor, which declared debts exceeding R$ 4.2 billion—influenced by the failed Banco Master acquisition—claims the subsidiaries are vital for cash generation and have independent governance. Creditors, however, challenge the management model, citing deviation of purpose and overlapping directors.
Inspections showed no activity at sites such as Rio Verde (GO), where Fictor Agro Comércio de Grãos Ltda. reportedly left a year ago; Cocalzinho (GO), featuring a guesthouse with no traces of Dynamis Clima SPE; and Manaus (AM), lacking signs of FW SPE Solar 2 Ltda. In Rio das Flores (RJ), Komorebi SCP's solar station had no signage. In Jacarepaguá (RJ), Rica denied ties to Fictor, citing contract termination due to non-compliance.
At the São Paulo headquarters, the space was being dismantled, with staff reduced from 200 to 60. Some addresses, like those of Fictor Energia and Dr. Foods Alimentos, operated normally but lacked documentary transparency. The report noted asset inconsistencies and opacity in Sociedades em Conta de Participação (SCPs), used for resource raising.
The São Paulo Court of Justice suspended judicial executions related to credits for 30 days. Lawyer Vitor Gomes de Mello, representing creditors, requested report supplementation, including analyses of pyramid scheme allegations and patrimonial confusion. Fictor could not be reached for comment.
