This Tuesday (30), the Federal Police (PF) began collecting statements, separately, from those involved in the Banco Master case. During the afternoon, the testimony of Daniel Vorcaro, owner of Banco Master, concluded.
At the moment, the hearing of Paulo Henrique Costa, former president of BRB (Bank of Brasília), has begun. After Paulo Henrique Costa, the director of the Central Bank, Ailton de Aquino, will be heard.
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.
