Daniel Vorcaro denies fraud in operations with BRB and calls for the Master case to be closed

Daniel Vorcaro, founder of Banco Master, denies fraud in operations with BRB and calls for the investigation to be closed. According to Times Brasil, the statement was given to the Federal Police on October 15, and the interrogation, released on Thursday (29), has already been sent to the STF.

In the statements, Vorcaro claims to be unjustly imprisoned and says that his personal and family situation was affected by the investigations, according to Times Brasil. Revista Oeste, whose title mentions an investigated fraud of R$12 billion, registers the same line of argument: it alleges persecution and denies the sale of non-existent credits.

According to Revista Oeste, the BRB crisis was a consequence of the liquidation of Banco Master and investigations by the PF, and not of operations attributed to Vorcaro. The report also mentions a withdrawal of R$9 billion from BRB after the liquidation of Master and the arrest of Vorcaro, and records the denial of losses to the bank and customers.

There is, however, one recognition: according to Revista Oeste, there are problems in portfolios linked to the company Tirreno, which, according to the version presented, were resolved with the replacement of assets.

At stake is the weight of each version in a case whose interrogation has already been sent to the STF. The report does not inform any decision on the archiving request, and the allegations continue without an informed judicial decision.

What changes for the investor

For those who follow the stock market, interest rates and the dollar, the case keeps the risk of contagion in the financial system on the radar, especially if new testimonies or decisions expand the scope of the investigations. The outcome depends on decisions that have not yet been taken, which maintains uncertainty on the topic. This text is not a recommendation to buy or sell assets.

Automatically translated from Portuguese.