By Contributing Reporter

RIO DE JANEIRO, BRAZIL – Gustavo Montezano, 38, the new president of the BNDES (National Bank for Economic and Social Development), was sentenced to pay compensation for material and moral damages to a condominium in which he lived in São Paulo.

Gustavo Montezano, 38, was appointed to be the new president of the National Bank for Economic and Social Development, BNDES.
Gustavo Montezano, 38, was appointed to be the new president of the National Bank for Economic and Social Development, BNDES. (Photo internet reproduction)

He broke down the building’s two gates at dawn in October 2015, according to first and second instance court decisions, because he wished to carry on celebrating his birthday party that had begun elsewhere, with over 30 guests.

According to judge Guilherme Ferreira da Cruz, security camera footage from the site depicted scenes “similar to those of beach gangs” and showed “uncivilized behavior”.

The condominium filed the lawsuit in 2016. In June 2018, under a settlement agreement, Montezano paid R$28,000, a month’s rent for the apartment where he lived, in Itaim Bibi (West Zone), with a friend.

On Monday, June 17th, he was chosen by the Minister of Economy, Paulo Guedes, to head the country’s largest development bank, in the wake of the crisis over the resignation of Joaquim Levy, 58. He was formerly assistant secretary of Privatization and Disinvestment.

Montezano claims he has paid his dues and that the case is closed.

In the early morning of October 4th, 2015, according to the condominium’s criminal complaint, the gates were broken into following an argument between Montezano and the building’s doorman and concierge.

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