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This is a comedy; a double satire of Brazilian soap operas and at the same time, about "savage capitalism" in 1990's Brazil where the Amazon jungle is exploited, while killing Indians and appropriating the land of its few surviving owners. The plot is headed mostly by Hugo Assis (Jose Mayer), apparently at first a major industrialist, and Elisa Medeiros (Fernanda Torres), a reporter investigating the suspect activities of Mr. Assis' company. Through Elisa, the powerful industrialist discovers his true origins. During a passionate love affair with her, Mr. Assis starts to become another person. As his company begins a massive gold extraction operation on indigenous lands, Elisa becomes engaged in an environmental struggle against this project and the exploitation of Indian homelands.

Brazil in the early 70s. Miguel, Eloi, Osvaldo and Paolo take part in armed attacks against the military dictatorship. They pay a heavy price with torture and arrest. Today the four friends still see each other. Only Miguel is politically active. On a photograph from a political meeting in Sao Paolo he recognises the policeman who tortured them 25 years ago and who was responsible for the death of Miguel's girlfriend. The policeman has been officially dead for a few years. On one of their fishing trips together, Miguel tells his friends of his discovery. When they hunt down and confront their nemesis they come into conflict with both themselves and each other.