Feb 11 • 20:07 UTC 🇧🇷 Brazil G1 (PT)

Technical Area of TCU delivers report to Minister on technical procedure in documents from the liquidation of Master by BC

The technical area of the Brazilian Court of Auditors (TCU) has submitted a report regarding the liquidation of the Master Bank to Minister Jhonatan de Jesus.

The Brazilian Court of Auditors' technical area has forwarded a confidential report to Minister Jhonatan de Jesus concerning the technical procedures involved in the documentation of the Master Bank's extrajudicial liquidation by the Central Bank of Brazil. This report comes after the TCU authorized the inspection process, which was initiated at the request of its own technical staff who needed access to documents that supported the declaration of the bank's liquidation.

The report will be analyzed by Minister de Jesus and his team in the upcoming days, with plans for it to be presented to the full Court, though no specific date has been set for this. The documents in question relate to the beginning of oversight concerning economic issues faced by the Master Bank, which is connected to the uncovering of frauds, negotiations for possible sales, and the liquidation process ordered by the Central Bank.

A prior opinion from the TCU's technical team concluded that there had been no inaction from their side, signaling the need for continuous oversight in financial institutions, especially those facing severe economic difficulties. The implications of this report could have significant consequences for accountability in Brazilian banking operations and the oversight role of public financial audits.

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