The Regional Bank of Brasília (BRB) reported this Tuesday (3) that it had found “relevant findings” that could help authorities in investigations into Banco Master, including the attempted purchase of the financial institution by BRB.
Through a note released this Tuesday (3), the public bank linked to the government of the Federal District explained that these findings are included in the first stage of the preliminary report delivered by the audit hired by the bank, in order to confirm “possible illegal acts”.
According to BRB, a report has already been delivered to the PF, on January 29th, and to the Central Bank (BC), yesterday (2).
“BRB informs that it has been adopting numerous institutional, administrative, extrajudicial and judicial measures related to investment funds, guarantees and credit portfolios, acquired by BRB, measures that are being carried out, partly in secrecy, and that will be reinforced by new measures, as soon as possible, to guarantee the effectiveness of preserving the Bank’s interests”, informed the bank.
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Master and Reag Bank
The liquidation of Banco Master was decreed by the BC in November 2025. That of the investment manager Reag, on Thursday (15).
The cases revealed one of the most serious episodes in the Brazilian financial system, involving suspected billion-dollar fraud, the use of investment funds to hide losses and rescue attempts via a public bank.
Controlled by banker Daniel Vorcaro, Master grew quickly by offering Bank Deposit Certificates (CDB) with profitability well above the market average.
To support the model, according to researchers, the bank began to take excessive risks and structuring operations that artificially inflated its balance sheet, while real liquidity (money immediately available to reimburse investors) deteriorated.
