Guedes tried to help Globo with a suspicious investment.
According to Gustavo Guedes, brother of the Minister of Economy, Paulo Guedes, the minister stated to members of Globo: "You will no longer be able to charge what you charge for subscriptions, for things of this type. The trend is for it to cost zero, because of the internet. And the (Marinho) family turned around and said: 'We don't want that'"; Gustavo's testimony was given to the Federal Public Prosecutor's Office; report by André Barrocal, in Carta Capital.
247 - On December 3rd, in testimony to the Federal Public Prosecutor's Office (MPF) in Brasília, Gustavo Guedes, brother of the Minister of Economy, Paulo Guedes, said that the head of the ministry tried to help Rede Globo with a suspicious deal. This information is contained in... Report by André Barrocal, in Carta Capital..
"Paulo Guedes approached the Globo television network, and he said, 'Look, all media companies in the world are going bankrupt, all of them,'" Gustavo recounted. "You won't be able to charge what you charge for subscriptions anymore, for things like that. The trend is for it to cost zero, because of the internet. And the (Marinho) family turned around and said, 'We don't want that.'"
Gustavo testified because he was a partner with his brother in the company that conceived the deal, BR Investimentos. There are two lines of investigation:
One of them targets a specific deal made by an investment fund conceived by Guedes and his BR Investimentos. It was set up by the minister with funds from pension funds with the aim of investing in businesses in the education sector, the FIP BR Educacional, which invested in a company, according to a report by Previc, the federal agency that oversees pension funds: HMS, which, in turn, tried to help Globo, as seen in Gustavo Guedes' testimony.
According to the report, it was in HSM where the FIP (Investment Fund in Participations) devised by Paulo Guedes first invested. "Globo had become a partner in HSM. It did so through the company Geo Eventos, a partnership between it and RBS, its retransmitter in Rio Grande do Sul and Santa Catarina," says an excerpt from the article. "At the time of the FIP's creation (2009) and the fund's investment in HSM (2010), Guedes was a columnist for Época magazine and O Globo newspaper, both Globo publications. He remained so until mid-2018, in fact," it recalls.
More revelations
Gustavo Guedes also stated that several investigators were contacted to speak, "in theory, about education." According to Gustavo, he and his brother made a proposal to Globo and RBS.
"There's a company here called HSM, you two can come, you'll add value to the company, because you're the king of broadcasting (RBS), you're the king of media (Globo), and we're the king of content," he said.
Gustavo explained why the deal fell through. "The two (Globo and RBS) fought," Gustavo stated. "They didn't execute the company's business plan and at the same time they were fighting."
Because of the dispute, FIP withdrew from HSM. According to the Carta Capital report, an audit has been opened and is not expected to take long to complete.