Feb 18 • 11:52 UTC 🇧🇷 Brazil G1 (PT)

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.

The Central Bank of Brazil has taken a significant step by liquidating Banco Pleno, a financial institution associated with banker Augusto Lima, who is known for his connections to prominent members of the Workers' Party in Bahia, such as Rui Costa and Jaques Wagner. This decision comes amidst escalating concerns regarding the financial practices of the Master group, which had previously seen significant growth under the partnership between Lima and Daniel Vorcaro. As the financial crisis deepened in 2025, the duo's collaboration unraveled, leaving Lima to retain control over Banco Pleno.

Banco Pleno's roots stem from its establishment as a credit card service, Credcesta, linked to a state-run supermarket chain in Bahia, a venture that Lima acquired along with valuable payroll credit operations. These operations provided installment payment plans to state government employees, making them highly lucrative. This situation highlights the intertwining of politics and finance in Bahia, with Lima leveraging his connections to navigate the complexities of the banking sector.

The implications of this liquidation extend beyond the immediate financial disruption, raising questions about accountability and the role of political influence in banking. With the ongoing scrutiny of the Master group and its affiliates, stakeholders are closely watching the government's next moves concerning the regulation and oversight of financial institutions, particularly those with political ties. The story underscores how political affiliations can shape business practices and possibly lead to systemic risks in the financial landscape.

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