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.
Master and Reag paid R$ 3.6 million to ACM Neto's company, according to Coaf
Former Salvador mayor ACM Neto's company received R$ 3.6 million from Banco Master and Reag, amid concerns about involvement with organized crime.
Master and Reag paid R$ 3.6 million to ACM Neto's company, according to Coaf
ACM Neto, former mayor of Salvador, is involved in financial transactions totaling R$ 3.6 million with entities suspected of organized crime, as revealed by Brazilian financial intelligence.
Vorcaro's companies transferred over R$ 700 million in Master assets to an offshore in a tax haven, says Coaf
Companies linked to banker Daniel Vorcaro have transferred over R$ 700 million in assets from Banco Master to an offshore entity based in the Cayman Islands, according to a report from Brazil's Financial Activities Control Council (Coaf).
ACM Neto's company received R$ 3.6 million from Banco Master and Reag, according to Coaf information
ACM Neto's company received significant payments from Banco Master and Reag amid scrutiny over the contracts.