An audit launched at BRB (Bank of Brasília) to investigate its dealings with Bank Master has brought scrutiny to former bank managers, particularly former president Paulo Henrique Costa. Investigators are looking into the role of these individuals amid concerns regarding the operations that took place while BRB was raising significant capital through stock offerings. According to sources, these funds amounted to R$ 1 billion in 2024, suggesting a potentially flawed process behind the scenes.

The article highlights a crucial aspect of this case: the covert involvement of key figures such as Daniel Vorcaro, the owner of Bank Master, and his former partner Maurício Quadrado, who, along with João Carlos Mansur from Reag fund management, have been identified as hidden shareholders in BRB via investment funds. This raises red flags for investigators who question the integrity of the bank's capital increase and whether it was intended to facilitate business dealings with the Bank Master, thus undermining the trust in BRB's operations.

This case unfolds against a backdrop of increased scrutiny on financial institutions and their governance in Brazil, revealing the potential risks associated with the lack of transparency in banking relationships. As the Federal Police's inquiry progresses, the implications could extend beyond BRB, pointing to broader issues within the regulatory framework and the need for reform in Brazil’s banking sector to prevent similar situations in the future.