Dolly Group is subject to bankruptcy filing due to debt of R$15.7 billion

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The Attorney General's Office of the National Treasury (PGFN) and the Attorney General's Office of the State of São Paulo (PGE-SP) this week filed a bankruptcy petition for the companies that make up the Dolly Group.
According to the bodies, the group's active debt with the Union, the Service Time Guarantee Fund (FGTS) and the state of São Paulo amounts to R$ 15.7 billion.
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"Of this total, R$ 8.3 billion is registered in active debt of the Union; R$ 7.4 billion refers to the active debt of the state of São Paulo, and around R$ 15 million from FGTS", state, in a note sent to g1, the prosecutors' offices.
In their manifestation to the Court, PGFN and PGE-SP state that the debt has been going on for more than 25 years and maintain that the liability does not only arise from financial difficulties, but from a deliberate strategy of "asset shielding".
The prosecutors also declare that the Dolly Group remained in judicial recovery for almost eight years without paying off its tax debts and used the process to undo collection measures and "create new asset shielding and tax planning structures".
Sought by g1, the company did not comment until the last update of this article. report.
The request was presented based on ordinances issued after a recent understanding by the Superior Court of Justice (STJ). According to prosecutors, the decision equated public farms with private creditors to file for bankruptcy of debtors in complex and long-term cases.
* Report being updated

Source: G1