Mar 10 β€’ 13:13 UTC πŸ‡§πŸ‡· Brazil G1 (PT)

Ibaneis' office negotiated credits with Reag fund, investigated in the Master case; opposition demands investigation

The private law office of District Federal Governor Ibaneis Rocha signed a significant contract with the Reag Investments fund, which is under investigation related to dubious operations with Banco Master.

The law office of Ibaneis Rocha, the governor of the Federal District, secured a million-dollar contract in 2024 with the Reag Investments fund, which is suspected of being involved with Banco Master in structuring funds for atypical operations. This agreement was reportedly concluded in May 2024, occurring well before the Compliance Zero operation and the liquidation of both Banco Master and Reag in the subsequent months. The Banco de BrasΓ­lia (BRB) injected R$ 16.7 billion into Banco Master during this time, and although an attempt was made to purchase the bank, the Central Bank blocked the transaction, leaving BRB in a position to try to recover its funds.

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