Documents obtained by TV Globo reveal that the government of the Federal District (DF) in Brazil proceeded with negotiations to purchase a significant portion of Banco Master in 2025, disregarding warnings from the Federal Public Ministry (MPF). In August, the MPF cautioned the DF government, highlighting numerous concerns regarding the transparency and legitimacy of the transaction. The procurators stated that it is the responsibility of the involved institutions to prove the integrity of the deal.

The MPF emphasized that the acquisition should not proceed until there is sufficient evidence proving the trustworthiness and clarity of the assets related to the deal. This recommendation aims to ensure that public funds are not used to cover hidden liabilities or overvalued assets. The cautionary advice from the MPF indicates fears of potential financial misconduct or misrepresentation of the Bank Master’s value, a scenario colloquially referred to as "buying a cat in a sack" in Brazilian parlance.

This move raises questions about the government's commitment to fiscal responsibility and the proper oversight of public funds. Ignoring the MPF's recommendations not only puts public finances at risk but also undermines trust in government operations. The ongoing situation may lead to legal and political ramifications as civil society and opposition parties may call for investigations or legislative interventions to prevent potential mismanagement of public resources in future transactions.