Judge Scott M. Grossman, of the Bankruptcy Court for the Southern District of Florida, recognized this Thursday (8) the liquidation process of Banco Master and blocked the institution’s assets in the United States.
According to information from Estado de S.Paulo, the decision was taken after the company appointed by the Central Bank (BC) for the liquidation, EFB Regimes Especiais de Empresas, contested objections filed by banker Daniel Vorcaro.
According to Folha de S.Paulo, he had asked the American court on Monday (5) not to accept the request for recognition of Banco Master’s insolvency process in Brazil, claiming that it would be premature and that the liquidation could still be reversed at the Federal Audit Court (TCU), where it is contested.
In the response, filed on Wednesday (7), the EFB argued that Vorcaro’s questioning is based on an “incorrect factual premise and is devoid of any authority”, that the process underway in Brazil stems from the discovery of a “massive fraud” and accused the banker of a “life of luxury and extravagance”.
Vorcaro’s defense has not yet commented on the decision of the Bankruptcy Court for the Southern District of Florida.
