BRB Ignored Alerts and Disbursed Billions in Operations with Master
6 Articles
6 Articles
The Bank of Brasília (BRB) maintained payments to the Master Bank, by Daniel Vorcaro, concerning the purchase of credit cards even after reports produced by an internal working group point problems in the process, including inconsistencies of data and the need to investigate evidence to minimize the risk of fraud. The information is contained in a Federal Police report drawn up in August of this year as part of the investigation into transaction…
Presentation found by PF describes the production of documents to validate Master's credits given to BRB, informs g1
PF states that BC analysis found evidence of non-existent portfolios; BRB purchased R$ 12 bi in Master's credits. Read on Power360.
The BRB continued to disburse billions of reals in the purchase of Bank Master's credit cards even after internal reports point to flaws in the documentation, lack of proof of credit and risk of fraud. According to the Federal Police, at least 22 transactions were paid before the conclusion of technical opinions planned to evaluate the...
According to the documents, the intention of the BRB was to lend money to the Master "for pure camaraderie"; at the time, the financial institution then faced liquidity crisis
Laudo says R$ 7.6 bi were paid before reviews and that R$ 17.5 bi in purchases were divided into smaller approvals
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