Former Central Bank Director Linked to Master Suspected of Data Manipulation to Evade Internal Audits
Former Central Bank director Paulo Sérgio Neves de Souza is under suspicion for manipulating information regarding Banco Master to mislead internal investigations.
Valdemoro's Ticket Has an Coup d'État, Master Bank, and Moro Trying to Get a Position
Flávio Bolsonaro expressed support for Sergio Moro's candidacy for the Governor of Paraná, marking a controversial alliance with implications for Brazil's political right.
Fund cited in report R$ 5 billion in Master letters, double that detected by the Federal Police
A report reveals that the Master bank acquired over R$ 5 billion through financial letters, significantly more than the R$ 2.3 billion identified by federal investigations.
BC resists giving more time for BRB to present solution for losses with Master case
The Central Bank of Brazil is reluctant to grant the Bank of Brasília additional time to address losses stemming from fraudulent transactions with Banco Master.
Ministers speak in tribute to Alexandre de Moraes' 9 years in the Supreme Court
Supreme Court ministers paid tribute to Alexandre de Moraes on the ninth anniversary of his appointment amidst the backdrop of the Master Bank crisis.
Lula says Master is 'snake's egg' of Bolsonaro and Roberto Campos Neto, former president of the Central Bank
Brazil's President Luiz Inácio Lula da Silva criticized the Master Bank issue as a product of the Bolsonaro administration and its former Central Bank president, Roberto Campos Neto.
Daniel Vorcaro signs confidentiality agreement to begin collaboration
Former banker Daniel Vorcaro has signed a confidentiality agreement as the first step towards negotiating a plea bargaining deal in the Master Bank fraud investigation.
Ethics Committee opens process to analyze complaint against Campos Neto in the Master case
The Public Ethics Commission has initiated a process to examine a complaint regarding former Central Bank president Roberto Campos Neto's alleged negligence in overseeing Banco Master.
The liquidation of Master institutions did not create a systemic domino effect, says Central Bank
The Central Bank of Brazil stated that the liquidation of Master institutions did not have a domino effect on the financial system, highlighting its resilience and shock absorption capacity.
Liquidation of institutions linked to Master has not generated 'effects' on the financial system, but the global scenario presents risks, says BC
The extrajudicial liquidation of institutions associated with the Master conglomerate has not disrupted Brazil's financial system, according to the Central Bank, though global risks persist due to international conflicts.
Vorcaro's brother-in-law transferred R$ 41 million to Lagoinha unit closed after operation against Master
Fabiano Zettel, brother-in-law of Banco Master owner Daniel Vorcaro, transferred R$ 40.9 million to a Lagoinha church unit amid ongoing investigations into the bank.
BRB requests more time from the Central Bank to present solutions for Master case deficit
BRB (Banco de Brasília) has requested an extension from the Central Bank to announce its 2025 results and propose solutions to address the deficit caused by fraudulent transactions involving Banco Master.
Judge recognizes evidence of billion-dollar embezzlement at Banco Master and prevents asset transfer
A judge in São Paulo has issued a restraining order to prevent the transfer of assets connected to Banco Master amidst allegations of billion-dollar embezzlement involving the bank's controller, Daniel Vorcaro.
BRB cancels general assembly and will need to attract new investors to cover Master’s deficit
The Bank of Brasília (BRB) has canceled its general assembly due to legal uncertainties surrounding a proposed sale of properties to address significant financial losses.
Vorcaro allegedly used money from Master to finance art collection in the USA, says liquidator
The liquidator of Banco Master has provided details to a U.S. court on how former banker Daniel Vorcaro allegedly utilized bank funds to purchase high-value artworks.
BRB only indicated 'suspicious movements' of Master to COAF after Vorcaro was arrested; relationship between banks began in 2021
The Brasília Bank (BRB) reported suspicious transactions linked to Banco Master after the arrest of businessman Daniel Vorcaro.
Central Bank decrees liquidation of Master group's institution under special regime
The Central Bank of Brazil has declared the liquidation of Banco Master Múltiplo, which had been under special administration since November.
BC announces liquidation of Banco Master Múltiplo, previously under special administration
The Central Bank of Brazil has announced the extrajudicial liquidation of Banco Master Múltiplo due to its irrecoverable insolvency.
Master Bank lent at least R$ 22 million to Hugo Motta's sister-in-law
The sister-in-law of the President of the Chamber of Deputies in Brazil secured a loan of R$ 22 million from Master Bank for real estate development.
Purchase of Master portfolios was treated as 'the president's business' of BRB, points out audit
An independent forensic audit reveals that the acquisition of Master credit portfolios by the BRB was handled as a personal business of the bank's president, bypassing necessary approvals.
The Master Inquiry will be extended as it is still in the 'initial phase'
The minister leading the investigation into Bank Master's frauds has decided to extend the inquiry for at least 60 days due to its initial status and the volume of evidence yet to be examined.
BRB charges R$ 978.3 thousand in payroll loans from former president investigated in the Master case
The Bank of Brasília is pursuing R$ 978,352.60 in payroll loans from its former president Paulo Henrique Costa, who is under investigation for irregularities.
Master Case: Vorcaro Made Over R$ 440 Million in Transactions with Reag Funds
Daniel Vorcaro, owner of Master Bank, profited over R$ 440 million from transactions involving funds managed by Reag Investimentos, amid ongoing investigations.
The right could win the election for breaking a bank
The article discusses how the Brazilian right might benefit politically from their involvement in the collapse of Banco Master.
PL ignores CPI request for Master already presented and complicates investigation in the DF Chamber
The PL party has complicated the initiation of investigations into fraud involving the Master Bank by proposing a new CPI request that lacks sufficient support.
Breaks of confidentiality, statements, access to documents; see questions and answers about what the CPIs can do
The article discusses the activities and legal implications of Congressional Investigative Committees (CPIs) in Brazil concerning irregularities at Master Bank.
Vorcaro changes lawyer and opens the way for a plea deal
Daniel Vorcaro's change of defense attorney may lead to a plea bargain in the Master Bank case following a Supreme Court decision to keep him in prison.
CGU analyzes BC material on servers removed for alleged involvement in the Master case
The CGU is examining a confidential investigation from the Central Bank regarding two employees allegedly involved in the Master case.
Master attempted to transfer R$ 15.8 billion to BRB to compensate for fraud in credit portfolios, says report
The Master Bank tried to transfer R$ 15.8 billion to the BRB to replace R$ 12 billion in allegedly fraudulent credit portfolios sold to the Brasília bank, according to a financial intelligence report.
Daily summary from JN: war in the Middle East forces Brazilian government to eliminate diesel taxes; Zanin denies request to compel Congress to install CPI on Banco Master
The Brazilian government responded to the Middle East conflict by eliminating diesel taxes and imposing taxes on oil exports, amidst escalating tensions following comments from Iranian leaders.
Master liquidator seeks fund owners and considers hiring a company to trace resources
The liquidation process of the Master fund is struggling to track the invested money due to complex fund interrelations, prompting potential investors to reach out for ownership claims.
Zanin denies request for STF to compel Congress to install CPI on the Master case
Minister Cristiano Zanin of the Brazilian Supreme Federal Court has denied a request from lawmakers to compel the Chamber of Deputies to establish a Parliamentary Inquiry Commission to investigate alleged fraud involving Banco Master.
Zanin rejects Rollemberg's action regarding the Master Bank CPI and returns the decision to the Chamber
Supreme Court Minister Cristiano Zanin rejected a request by Deputy Rodrigo Rollemberg for the establishment of a Parliamentary Inquiry Commission (CPI) to investigate Master Bank, citing procedural defects and indicating the matter should be resolved within the legislative branch.
Vorcaro sent R$ 707 million to a tax haven while negotiating sale to BRB, Coaf points out
Daniel Vorcaro, owner of Master bank, transferred R$ 707 million to a Cayman Islands company while negotiating its sale to the BRB bank, according to Coaf.
CGU receives the result of the internal investigation from the Central Bank about servers involved in the Master case
The CGU has received the outcome of the Central Bank's internal investigation into two employees involved in the Master case, which may lead to further inquiries or disciplinary actions.
Vorcaro's Wealth Nearly Doubled in a Year When Banco Master Faced Cash Problems and Was Investigated
Daniel Vorcaro, owner of Banco Master, saw his personal wealth increase by 87% between 2023 and 2024 amidst financial problems and investigations involving his bank.
Toffoli declares himself suspicious to analyze request for the installation of the CPI of Master in the Chamber
Supreme Court Minister Dias Toffoli has declared himself suspicious to oversee a request for the establishment of a parliamentary inquiry into financial irregularities at Banco Master.
BRB charges in court a debt of R$ 799 thousand from ex-president investigated in the Master case
The Banco de Brasília (BRB) has filed a lawsuit against its former president, Paulo Henrique Costa, to collect a debt of R$ 799,000 amid ongoing investigations for alleged irregularities involving the bank.
Fearing electoral impact and to protect STF, government tries to shift Master case crisis onto Campos Neto
Brazilian government officials are increasingly worried about the political fallout from the Banco Master scandal and are contemplating strategies to redirect blame towards the Central Bank and its former president, Roberto Campos Neto.
Barroso says he had 'never heard of' Vorcaro and that STF is experiencing a 'difficult moment'
Former STF minister Luís Roberto Barroso expressed concerns over the current state of the Supreme Court amid the Master Bank crisis, stating he was unaware of its owner Daniel Vorcaro.
Payments made by Master to the law firm of Moraes' wife are above market rates, lawyers say
Specialized lawyers claim that the fees charged by the law firm of Minister Alexandre de Moraes' wife for services to Banco Master are excessive compared to market rates.
BC server investigated in Master case is replaced on pension fund council
Belline Santana has been removed from the fiscal council of Centrus amid an investigation into the Master case, with Eduardo Russolo Ferreira appointed as his replacement.
Ibaneis sanctions rescue plan for BRB after losses with Master
Governor Ibaneis Rocha sanctioned a rescue plan for the Bank of Brasília (BRB) following losses incurred from fraudulent assets of Banco Master.
Ibaneis sanctions law that authorizes the use of nine public properties to save BRB
Governor Ibaneis Rocha has sanctioned a law allowing the use of nine public properties to secure funding for the Bank of Brasília (BRB) amidst financial turmoil.
After breaking with Ibaneis, PL talks about establishing CPI of Master in the DF Chamber
The PL party has proposed a parliamentary inquiry to investigate operations between Banco Master and Banco de Brasília, following its split from the government of Ibaneis Rocha.
Vorcaro attended the wedding of Ciro Nogueira's daughter 10 days before the senator presented 'Master Amendment'
Bank owner Daniel Vorcaro attended the wedding of Senator Ciro Nogueira's daughter just days before a controversial amendment was proposed by Nogueira in Congress.
Without mentioning Master, Fachin advocates for judges' 'distance from the parties and interests at stake'
Brazil's Supreme Court President Edson Fachin emphasizes the importance of judicial impartiality and distance from interests at a meeting amid the image crisis related to the Banco Master investigation.
PF advances in inquiry investigating the participation of former president of BRB in the Master case
Federal Police in Brazil have intensified an investigation into former BRB president Paulo Henrique Costa's alleged involvement in a financial scheme related to the Master bank case.
Federal Police advances in inquiry investigating former president of BRB's involvement in Master case
The Brazilian Federal Police are intensifying their investigation into former BRB president Paulo Henrique Costa, linked to a financial triangulation that facilitated the acquisition of government bank shares by ex-banker Daniel Vorcaro.
Vorcaro's relationship with politicians drags names from the right and left into the Master Bank scandal
The Master Bank scandal has intensified accusations between government supporters and opponents, involving politicians across the spectrum.