Justice determines seizure of BRB shares held by those involved in the Master case
The Brazilian Justice has ordered the blocking of shares of the BRB bank held by individuals implicated in the Master case involving fraudulent transactions.
STF tries to get out of a tight spot
Under pressure from the Master bank scandal, Brazil's STF is pushing forward with agendas that might improve its public image.
Master Bank Case: Between Scorn and Silence
The article discusses the troubling narratives surrounding the Federal Police's classification of orgies involving European sex workers and public officials as legally inconsequential unless tied to public administration crimes.
BRB proposes a capital injection of up to R$ 8.86 billion for the bank after losses with Master
BRB has proposed a capital injection of up to R$ 8.86 billion for its shareholders following losses related to Banco Master.
BRB tried to overturn recommendation against the acquisition of Master made to the Central Bank
The former president of BRB sought to appeal a recommendation to the Central Bank that aimed to prevent the bank's acquisition of Master due to allegations of fraud and manipulation.
Former banker Daniel Vorcaro is expected to testify in the Senate on the 10th
Former banker Daniel Vorcaro is scheduled to testify before the Senate's Economic Affairs Committee on March 10, following a rescheduling of his appearance.
DF government presents new project to try to rescue BRB, investigated in the Master case
The Federal District government has introduced a new project aimed at rescuing the Bank of BrasÃlia, which is under investigation related to significant financial fraud.
Master bank disappears with money aided by 'bogus R$ 500 million' and 'orgy'
The investigation reveals that the Master bank, which was essentially a sham, borrowed vast amounts it had no intention of repaying, resulting in a scandal involving inflated asset declarations and potential government complicity.
Master scandal involved 'perverse alignment', says interim president of the CVM
The interim president of the CVM discussed the Master Bank scandal, highlighting a deceptive alignment of incentives between managers and investors.
Mendonça gives 60 days for the Federal Police to deliver a complete report on Master and mentions authorities with privileged forum
Minister André Mendonça gives the Federal Police 60 days to submit a complete report on the Master Bank investigation, focusing on authorities who may be involved.
Central Bank announces new liquidator for Banco Master
The Central Bank of Brazil has appointed a new liquidator for Banco Master due to health issues of the previous administrator.
Ibaneis' government in the DF admitted risks in the purchase of Master and defended the operation without prior audit
The government of Ibaneis Rocha in Brazil acknowledged the risks associated with the acquisition of most of Master bank by BRB but defended that the audit should occur only after the deal's validation.
DF government wants to use public properties as loan guarantees to save BRB, investigated in Master case
The government of the Federal District seeks to use public properties as collateral for loans to rescue the BrasÃlia Bank, which is under investigation for fraudulent activities.
Data from the Master bank's secrecy breaches are with the Federal Police with no forecast to return to the CPI, say lawmakers
Lawmakers report that information obtained from the breaches of banking, tax, and telecommunication secrecy of the Master bank's owner is currently held by the Federal Police without a timeline for its return to the investigation committee.
Master Case: Mendonça holds new meeting with the Federal Police this Monday to discuss next steps
Minister André Mendonça is set to meet with the Federal Police to discuss the ongoing investigations into the Master case involving alleged irregularities at Daniel Vorcaro's bank.
Fachin files report from the Federal Police that pointed to Toffoli's suspicion as relator of the Master case
Brazil's Supreme Court President Edson Fachin has archived a suspicion claim regarding Justice Dias Toffoli's role in investigating Master Bank frauds.
Master Case: Mendonça summons the Federal Police for a new meeting on Monday
Minister André Mendonça of Brazil's Supreme Court convenes a meeting with the Federal Police to discuss developments in the investigation of alleged irregularities at Master bank.
BaianaSystem Fills Ibirapuera with Hits and Criticism of the Master Case
The BaianaSystem's post-Carnival megabloco drew a large crowd in São Paulo, where the band performed popular songs and criticized the ongoing investigation into the Master Bank case.
DF government offers 12 properties as collateral to save BRB in project sent to the Legislative Chamber
The Federal District government in Brazil has proposed using 12 properties as collateral to capitalize the BrasÃlia Bank (BRB) following financial losses associated with the Master Bank.
Public Accounts Ministry requests TCU to lift secrecy of the Master case
The Brazilian Public Accounts Ministry has requested the TCU to lift the total secrecy imposed on the investigation involving the Central Bank and the liquidation of Banco Master.
Master's Compliance Director says to Federal Police that he signed documents 'without reading'
Antonio Bull, the Compliance Director of Master, claimed to the Federal Police that he signed documents without reading them, indicating a failure in the bank's governance and compliance oversight.
Major banks negotiate measures to increase the responsibility of smaller institutions after the Master crisis
Major Brazilian banks are seeking regulatory changes to hold smaller financial institutions accountable after the Master bank crisis led to significant financial losses and institutional failures.
Mendonça Reduces Secrecy of the Master Case After Taking Over Reporting from Toffoli
Minister André Mendonça of the Brazilian Supreme Court has reduced the secrecy surrounding the investigation into Bank Master, allowing for more transparency and procedural actions.
Renan Calheiros says Centrão maneuvers to dilute testimony of Vorcaro in the Senate
Senator Renan Calheiros claims that the Centrão is manipulating the scheduling of bank owner Daniel Vorcaro's testimony to lessen its impact on a Senate inquiry.
Former Master Partner, Augusto Lima Had Meteoric Rise and Short Life as a Banker
Augusto Lima, the owner of Banco Pleno, experienced a rapid rise in the financial sector but faced legal troubles that led to the downfall of his bank.
Central Bank settles another institution belonging to the Master Group; 160 thousand customers invested nearly R$ 5 billion in Banco Pleno
The Central Bank of Brazil has liquidated Banco Pleno, part of the Master Group, due to severe financial instability impacting 160,000 clients who invested almost R$ 5 billion.
If the revelry of the Master bank shakes the Republic, the Republic is rotten
A recent party linked to the Master bank highlights deep-seated issues in Brazilian financial and political systems, calling into question their integrity and stability.
Brazilian authorities investigate whether Vorcaro has properties, artworks, and other assets in the US
Brazilian authorities are investigating luxury properties and artworks in Florida tied to banker Daniel Vorcaro and Banco Master, following what might be the largest bank fraud in the country's history.
Liquidations of Master, Will Bank and Pleno Banks will leave a deficit of more than R$ 50 billion in the FGC
The liquidation of Master, Will Bank, and Pleno banks is expected to cost the FGC around R$ 51.8 billion in payouts to affected clients and investors.
Banco Pleno was owned by a banker connected to Petistas from Bahia
The Central Bank of Brazil liquidated Banco Pleno, associated with banker Augusto Lima, who has ties to the Workers' Party in Bahia, highlighting the ongoing financial crisis linked to the Master financial group.
Central Bank decrees liquidation of Banco Pleno, which was part of Master
The Central Bank of Brazil has announced the judicial liquidation of Banco Pleno S.A., extending the same status to its affiliated company, Pleno Distribuidora, due to compliance and management issues.
BC decrees liquidation of Banco Pleno, which was part of the Master conglomerate
Brazil's Central Bank has decreed the extrajudicial liquidation of Banco Pleno, linked to the Master conglomerate, amid financial fraud investigations.
Former BRB President Requests to Testify Again in Master Case
Former BRB president Paulo Henrique Costa has reached out to the Federal Police expressing his wish to testify again regarding alleged fraud involving the Master and the public bank in the Federal District.
The Master is Gone, the BRB Remains
The BRB, a bank owned by the Federal District government in Brazil, is one of the few surviving institutions from a tumultuous financial period characterized by the inefficiencies of state-run banks.
The secrecy imposed by Toffoli on the Master case has become poison
The article critiques Minister José Antonio Dias Toffoli's decision to impose maximum secrecy on the investigations into the Master Bank scandal, arguing it leads to corruption and threatens accountability.
Bolsonaro-supporting Congressman Says Master Case Shows Need for Deep Reform in the Judiciary
Brazilian Congressman Luiz Philippe de Orléans e Bragança argues that the involvement of Supreme Court ministers in the Master Bank case highlights the urgent need for profound reforms in the judiciary system, emphasizing transparency and accountability.
Mendonça in the Master case report: understand what is at stake and what lies ahead
Minister André Mendonça is the new reporter for the Master Bank case at the Supreme Court of Brazil, replacing Minister Dias Toffoli amid ongoing investigations into financial fraud.
Supreme Court Ministers Complain About Lula's Government Over Federal Police Actions in the Master Case
Ministers of Brazil's Supreme Court expressed dissatisfaction with Lula's government regarding the Federal Police's actions in the investigation of Bank Master, especially related to the legal compliance of these actions.
Secret meeting to remove Toffoli from the Master case raises doubts due to lack of transparency
A confidential meeting of Supreme Court ministers to remove Dias Toffoli from overseeing the Master Bank case has sparked concerns about transparency and the judicial process.
Renan Calheiros drags the centrão into the Master crisis
The Master Bank crisis is set to intensify after Carnival as Senator Renan Calheiros and the centrão face political scrutiny and investigations.
Toffoli's exit from the Master case lowers tension, but does not end the crisis for the Judiciary
Supreme Court Minister Dias Toffoli has stepped down from overseeing the Master Bank case amid intense scrutiny and pressure regarding his involvement.
Toffoli showed resistance, but was convinced that leaving the report was the better path; exit preserves the acts of the inquiry
Minister Dias Toffoli of Brazil's Supreme Court decided to relinquish his role in investigating fraudulent activities at Banco Master after discussions with fellow ministers.
Understand the Next Steps of the Master Case at the STF After Dias Toffoli's Exit
Minister Dias Toffoli has stepped down as the reporter for the Master case at Brazil's Supreme Court amid criticism and a Federal Police investigation, with André Mendonça appointed as the new reporter.
Dias Toffoli out of the Master case - The Subject #1660
Dias Toffoli has officially stepped down from the Master case, following revelations of his communications with the bank owner involved.
Are we really going to split the bill?
The article discusses the implications of a public statement by the CEO of Itaú bank regarding the financial repercussions of the liquidation of Banco Master, especially from the perspective of marginalized communities.
Toffoli's Suspicions Could Annul His Actions in the Master Case; STF Opted for Another Solution
The Supreme Federal Court of Brazil has redistributed the investigation into the Master Bank case from Minister Toffoli to Minister André Mendonça after Toffoli stepped down amid suspicions regarding his impartiality.
Evidence Against Toffoli Leads to Cold War Climate Between Minister and Federal Police
A conflict has arisen between Supreme Court Minister Dias Toffoli and the Federal Police amidst investigations into bank fraud, escalating tensions in Brazil's political landscape.
Toffoli, the secret agent, and the secrets that facilitate business fraud
The article discusses the involvement of Brazilian Supreme Court Minister Dias Toffoli as a secret partner in a company linked to a scandal involving his family's former associates.
Lula evaluates that Toffoli needs to leave the rapporteurship of the Master case at the STF
President Lula believes that Minister Dias Toffoli should step down from overseeing the Master Bank case in Brazil's Supreme Court due to concerns about the court's image.
Pressure Mounts for Suspicions Regarding Toffoli's Reporting in Master Case at STF; Understand What It Is
A Federal Police report linking Supreme Court Minister Dias Toffoli to evidence from banker Daniel Vorcaro has heightened calls for questioning Toffoli's impartiality in the Master bank case.