With Pleno, the case amount for FGC exceeds R$ 50 billion
The extrajudicial liquidation of Banco Pleno raises the total compensation amount for the FGC related to the Master case to R$ 51.8 billion.
FGC says Pleno bank has 160 thousand creditors with R$ 4.9 billion to receive in guarantees
The Credit Guarantee Fund (FGC) reported that Pleno bank has an estimated 160,000 creditors eligible for R$ 4.9 billion in guarantees following its extrajudicial liquidation.
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.
Eight pension funds from states and municipalities that invested in Master are in deficit
Eight state and municipal pension funds that invested in financial letters from the Master Bank are reported to be in deficit following an extrajudicial liquidation ordered by the Central Bank of Brazil.
Almost 3 months after liquidation, much remains to be investigated in the Master case
Nearly three months after the extrajudicial liquidation of Master Bank, investigations reveal a complex web of financial and political ramifications.