
Investigation points to billion-dollar losses and alleged direct action by Ibaneis Rocha in a failed purchase attempt
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BRB tried to acquire Banco Master, injecting R$16.7 billion, but the operation was blocked by the Central Bank.
BRB – whose majority shareholder is the government of the Federal District – is facing the biggest crisis in its history, marked by billion-dollar losses linked to operations with Banco Master. Like Vorcaro, the former president of BRB, Paulo Henrique Costa, is in prison.
BRB tried to buy Master and even injected R$16.7 billion into Vorcaro's bank. The purchase was blocked by the Central Bank and, later, the BRB discovered that part of the wallets purchased were fraudulent and unbacked.
The investigation also points out that the former governor of the Federal District, Ibaneis Rocha (MDB), had "direct involvement" in BRB's financial strategy that made possible the attempt to purchase Banco Master, between 2024 and 2025.

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