Apex Partners Faces a US$194 Million Debt Pile as Investors Await Audit
Apex Partners, the Espirito Santo investment group, disclosed preliminary debt of about R$985.6 million and seeks judicial protection after an internal review. The post Apex Partners Faces a US$194 Million Debt Pile as Investors Await Audit appeared first on The Rio Times .
An internal investigation uncovered financial inconsistencies at Apex Partners, an Espírito Santo-based investment group. The group disclosed a preliminary debt of about US$194 million, which is still subject to an independent audit. After the review, the company removed top executives including founder and president Fernando Antonio Kulnig Cinelli and finance director Eduardo Siqueira.
Apex Partners hired an external auditor to investigate further. The debt figure grew from about US$81 million in January 2025 to US$192 million in June 2026. The audit could change the preliminary debt figure. The group's judicial protection move aims to prevent asset seizures while the audit is conducted.
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