RIO DE JANEIRO, BRAZIL - (Reuters) Brazil's federal police on Friday raided the headquarters of Latin America's largest independent investment bank, Banco BTG Pactual SA, and the addresses of its founder André Esteves, federal prosecutors said in a statement.

Maria das Graças Foster, former chief executive of state-controlled oil company Petroleo Brasileiro SA, was also a target, the statement said. The raids were related to the sale of stakes in African oilfields to BTG Pactual.

BTG Pactual confirmed in a securities filing its headquarters in São Paulo and Rio de Janeiro were raided by federal police . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here