The Brazilian Federal Police (PF) have made significant progress in their inquiry regarding former president of the Banco de Brasília (BRB), Paulo Henrique Costa. The investigation centers around accusations that Costa was involved in a financial triangulation scheme that enabled former banker Daniel Vorcaro to purchase shares in the government-owned bank. This scheme is suspected to have facilitated the expansion of Vorcaro's banking portfolio through illicit means.

The investigation reveals that the money received by BRB from two capital increase operations may have played a pivotal role in Vorcaro's financial dealings, reportedly allowing him to acquire an additional R$10 billion in bank portfolios that were already being purchased. Overall, BRB's financial outlays for Vorcaro's portfolios have totaled R$21.9 billion, raising serious questions about the integrity of the transactions and their oversight.

Furthermore, Costa is under scrutiny due to direct communications with Vorcaro, which have been documented on his mobile phone but remain undisclosed. Reports from anonymous sources indicate that there are strong evidences linking Costa to the scheme, indicating potential malpractice at the highest levels of the BRB, and signifying a broader concern regarding corruption within public banking institutions in Brazil.