Andre Esteves, the Brazilian billionaire who transformed Grupo BTG Pactual into the largest independent investment bank in Latin America, was arrested as part of the corruption probe that has engulfed the state-run oil giant and some of the nation’s biggest builders.
Federal police arrested the banker in Rio de Janeiro after first searching for him in Sao Paulo, a police press official said by telephone Wednesday. Folha de S. Paulo reported the arrest on its website earlier.
Brazil Energy Insight 
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