XP files suit to receive debt of R$ 8.2 million from Carlos Wizard

XP filed a lawsuit in court to collect a debt of R$ 8.2 million from businessman Carlos Wizard with Banco XP.

According to the lawsuit, the lawsuit is filed against Wizard, the businessman responsible for the Mundo Verde product chain and for the operations of Taco Bell and Pizza Hut in Brazil, among other businesses, and against Orion Consultoria Empreendimentos e Participações, of which he is a of the partners.

Sought out through Sforza Holding, the conglomerate that owns stakes in the various businesses under its control, Wizard did not return to the request for comment. XP said through its publicist that it would not comment.

The process originates from a Bank Credit Note (CCB), through which Orion took out a loan from Banco XP in the amount of BRL 30 million in April 2021.

In return for the credit received, Orion assumed the obligation to pay the debt with Banco XP in 18 successive monthly installments in the amount of R$ 1,764,467.13.

The contract also provides that failure to make payments on the agreed dates would result in early maturity of all remaining debt.

In September 2022, according to the records, Orion would have failed to make payments on the debt contracted with the financial institution.

“As a result, on October 18, 2022, Banco XP sent two notices to Orion, to remind it that the installment due on September 21, 2022 was already due and needed to be paid immediately; and there was another installment due in a few days”, on October 21, according to the information in the lawsuit.

“Unfortunately, however, Orion completely ignored the message sent by Banco XP and never responded to it”, wrote the lawyers of Banco XP, Guilherme França Barros and Rodrigo Carregal Sztajnbok.

After declaring the early maturity of the debt, Banco XP managed to execute the guarantees offered by Orion, as provided for by the CCB clauses, but the guarantees offered, in the amount of R$ 9.28 million, were not sufficient to settle the entire amount. of the remaining debt.

The lawyers point out, still according to the lawsuit, that Orion has an outstanding amount owed to Banco XP in the amount of R$ 8.2 million.

In a decision on September 23, Judge Carlos Eduardo Borges Fantacini determined the payment of the debt in three business days, a deadline that therefore expires this Wednesday.

On Forbes’ list of Brazilian billionaires, Wizard is in the 104th position, with a fortune valued at R$ 3.4 billion.

He founded the English school that bears his name in 1987. In 2013, the British company Pearson bought the educational institution, along with other companies within the Multi Group of the entrepreneur, for around R$ 1.7 billion.

Close to the Bolsonaro government, the businessman even worked in the Ministry of Health during the administration of Eduardo Pazuello, having been summoned to the Parliamentary Commission of Inquiry (CPI) on Covid-19, which investigated the fight against the pandemic.

When summoned to the CPI at the end of June, Wizard remained silent, after obtaining a habeas corpus from the STF (Supreme Federal Court) that guaranteed him this right.

Between 2018 and 2020, Wizard lived in Boa Vista, in Roraima, where he worked on projects to host Venezuelan refugees. At the time, he headed a group of volunteers that routed newly arrived immigrants from Venezuela to different parts of Brazil.