The statements in the Master case, in relation to Banco Master, were finalized on Tuesday night (30). The Federal Police (PF) chose to promote a direct confrontation of versions between Daniel Vorcaro, owner of the financial institution, and Paulo Henrique Costa, former president of Banco de Brasília (BRB).
Ailton de Aquino, director of the BC (Central Bank), who testified as a witness, was released from the procedure after the conclusion of his hearing.
According to interlocutors of Minister Dias Toffoli, of the Federal Supreme Court (STF), the testimony of the Central Bank director was “extremely valuable” for the process. Toffoli is the rapporteur of the case that is being processed in secrecy at the Court.
Banco Master’s investigations began in 2024, following a request from the Federal Public Ministry. Master had been drawing market attention for its business model considered risky, based on the issuance of papers guaranteed by the Credit Guarantee Fund, with rates higher than those considered normal by the market.
The indictment of Banco Master took place in the midst of a R$12 billion fraud. In an attempt to maintain its liquidity, the institution created false credit portfolios and funds, without backing, and tried to resell them to maintain its coffers.
Julia Darde.
