 He rejected the charge of incompetence and pointed out that several investigations, including those led by the U.S. Department of Justice and U.K. Financial Standards Authority, had concluded he had no knowledge of the practice of rate rigging.An ex-employee of Hong Kong subsidiary BGT Pactual Asia Ltd, Zeljko Ivic, filed a claim in late 2013 alleging Jenkins and Banco BTG Pactual SA CEO André Esteves made fraudulent misrepresentations to induce him to sign agreements with Banco BTG Pactual SA.Ivic claimed he had played a key role in Banco BTG Pactual SA's IPO, raising funds from nine entities, including the China Investment Corporation, GIC Private Limited, as well as the Agnelli and Rothschild families, for which he was promised a partnership and shares.