In Brazil, John Kaweske founder of Bio Clean Energy SA has filed a civil RICO action in the United States District Court for the Southern District of New York Case # 25CV 6588 seeking approximately $1 billion in damages. The complaint alleges a coordinated scheme by Tricon Energy, Banco Bradesco SA, and Sérgio Bermudes Advogados that led to the unlawful seizure and destruction of Bio Clean’s biodiesel business in Brazil. The initial conference and any hearing dates will be set by the court. Bio Clean will provide an update when the schedule appears on the docket.
Tags: Bio Clean Energy, Brazil, RICO
Category: Fuels
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