Brazil’s Dantas, Nahas Flagged in SWF Plot: Report

Daniel Dantas, the foremost executive of Brazilian investment fund Opportunity, and Naji Nahas, a wealthy investor with a colorful history involving large investments in Brazil, allegedly held multiple discussions on ways to profit from the eventual establishment of a sovereign wealth fund (SWF) for Brazil, Estado de Sao Paulo reported over the weekend. The paper quotes a police report signed by a senior official that affirms the authorities had tracked the two and that Nahas was reportedly using insider information to market his plan with potential investors. Dantas and several Opportunity executives were arraigned last week in relation to an investigation dubbed Operation Satiagraha.