João Carlos Mansur, the former owner of the Reag management company, made a declaration during a Senate inquiry, asserting that the company was not a facade and did not have hidden investors. He stated that Reag had been penalized for its independence in operations, particularly as it operates under a partnership model. Mansur emphasized that all relevant financial data is publicly available, indicating transparency with various regulatory bodies such as the CVM and the B3.

During the inquiry, the company is under scrutiny due to allegations of involvement in organized crime and a criminal scheme aiming to conceal illicit profits through financial vehicles. Mansur defended the legitimacy of the company's operations and its adherence to legal frameworks, insisting that they were regularly audited by an international firm. He highlighted that the transparency of their operations contradicts the claims against them and suggested that their independent status may have made them a target for investigations.

The implications of Mansur's testimony are significant as they may influence public perception and the ongoing investigation into Reag’s activities. If proven true, his claims could challenge the allegations of impropriety leveled against the management firm. However, the continuing inquiry and associated scrutiny could lead to further developments in the case, with broader implications for how independent financial entities are treated in Brazil, particularly in the context of organized crime.