02 January 2009

Gol Founder Facing Murder Charges

The family patriarch of the Constantino family Nene (78) for second time is facing charges.

Authorities accuse Nene Constantino, 78, of ordering the 2001 killings of two men in a land dispute near Brasilia. The gunmen have not been caught thus far.

In Brazil's somewhat complex legal system, police have to ask a judge to indict a suspect. The judge then determines if formal charges are filed. Constantino has yet to be charged in either case and therefore we are cautious to add that while he is a suspect he has not been formally charged.
A spokeswoman for the Federal District's civil police confirmed the request for indictment.

Constantino is one of Brazil's wealthiest and most influential business players. His familt fortune is estimated at more than $1 billion it could be higher if the other family members such as Junior who is CEO is included.

A former long-haul trucker who started a bus company in the 1950s that became one of the country's biggest, Constantino started Gol with his sons. The budget airline began flying in 2001 and quickly made inroads into the Brazilian market. In recent years the airline has struggled as it absorbed the former National Carrier Varig. TAM - its arch competitor has surged ahead especially in International markets.

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