US EditionLeaked Messages Suggest Ties Between Brazilian Arrested Banker, Senior Officials
Supreme Court ordered arrest of Banco Master owner Daniel Vorcaro amid a probe into fraud, corruption, and threats; assets worth R$22 billion were seized by Federal Police.
- On Wednesday, Supreme Court Justice André Mendonça ordered preventive detention of Daniel Vorcaro, while Federal Police executed four arrest warrants, 15 searches, and froze R$22 billion in assets.
- What began as a probe of credit instruments at Banco Master widened after Brazil's Central Bank shut the bank last November, and Federal Police expanded the inquiry to implicate public pension funds and officials.
- Investigators say a WhatsApp group called `A Turma` coordinated intimidation and planned a staged mugging targeting Lauro Jardim, O Globo columnist, while Luiz Phillipi Mourão allegedly received R$1 million for these acts and later died after a suicide attempt.
- Following the operation, the parliamentary inquiry session was canceled, and two senior Central Bank officials, Paulo Souza and Belline Santana, were removed, suspended, and will wear electronic ankle monitors, with the Supreme Court's Second Panel to decide from March 13.
- Three converging investigations threaten to shape Brazil's campaign with seven months until the October presidential vote, as Banco Master's collapse cost the FGC about 40 billion reais and the central bank allowed 30 billion reais in reserve redirection this year.
40 Articles
40 Articles
Daniel Vorcaro, owner of Banco Master, is arrested in a new phase of the operation
Case Master: Re-Preparation Will Be Even More Difficult to Cover Damage After the Bank’s Liquidation
The extra-judicial liquidation of the Bank Full by the Central Bank, last month, created an obstacle in the strategy adopted by Rioprepardence to try to recover at least part of the lost values with the Master's crisis. The fund that pays the depository and pensions of 235 thousand Fluminese servers invested R$ 970 million in Financial Letters (LFs) from the institution of the former banker Daniel Vorcaro, who had the prison again decreed on Thu…
Scandals Close In on Brazil's Election Campaign
Key Points — Banco Master owner Daniel Vorcaro was arrested for the second time on Wednesday in a probe alleging a multi-billion-real fraud scheme including fake credit titles and a private militia — The INSS congressional inquiry approved a financial records breach for Lulinha, President Lula’s son, over alleged monthly payments from a fraud scheme […]
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