Celina asks STF for transfer of R$ 2.2 billion blocked in Banco Master case to BRB

Federal District government claims to be a victim of a fraudulent management scheme and seeks to recover funds for the public bank

Celina asks STF for transfer of R$ 2.2 billion blocked in Banco Master case to BRB

TL;DR

  • The Federal District government requested the Supreme Court to transfer R$ 2.2 billion from the Banco Master investigation to BRB.
  • The government claims BRB and the Federal District were victims of financial irregularities and fraud.
  • Investigations indicate BRB transferred around R$ 17 billion to Banco Master.
  • Businessman Daniel Vorcaro denies committing irregularities and blames Central Bank authorities.
  • The request comes amid financial difficulties for the Federal District government and uncertainty about BRB's total losses.