started · updated
CNJ cancels R$ 4.7 billion in precatórios linked to Banco Master FAST-MOVING
The National Council of Justice (CNJ) has ordered the cancellation of 16 precatórios (court-ordered debts) valued at approximately R$ 4.7 billion, which are linked to sugar and ethanol mills that negotiated their credits with Banco Master. The decision, issued by National Justice Corregidor Benedito Gonçalves, follows a request from the Attorney General's Office (AGU).
The AGU argued that these precatórios were issued before the final judgment (trânsito em julgado) of the legal processes, making the deposits in judicial accounts irregular. The TRF-1 (Federal Regional Court of the 1st Region) has been given five days to cancel the titles and return the funds, including accumulated interest, to the National Treasury.
The controversy gained prominence after a Federal Police investigation found a R$ 427 million contract on the mobile phone of former banker Daniel Vorcaro. The contract was between Banco Master and the law firm Queiroga, Vieira, Queiroz & Ramos, which includes Camilla Ramos, the wife of TRF-1 judge Newton Ramos. The law firm stated it has a formal contract with the bank but has not received any success fees or professional fees to date.
Entities
Advocacia-Geral da União · Banco Master · Benedito Gonçalves · Conselho Nacional de Justiça · Daniel Vorcaro · Judiciary of Brazil · Supreme Federal Court · Tesouro Nacional · Tribunal Regional Federal da 1ª Região
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 10 SOURCES] The decision affects 16 precatórios belonging to three companies: Companhia Açucareira Usina Capricho, Una Agroindustrial, and Companhia Açucareira Vale do Ceará Mirim. www.metro1.com.br · www.alagoas24horas.com.br · juristas.com.br · oaltoacre.com · www.piranot.com.br · +4 more
- [● 23 SOURCES] The TRF-1 has been given a five-day deadline to cancel the 16 precatórios and return the funds, including interest, to the National Treasury. www.metro1.com.br · www.alagoas24horas.com.br · www.piranot.com.br · oaltoacre.com · jovempan.com.br · +16 more
- [● 29 SOURCES] The AGU requested the cancellation, arguing the precatórios were issued before the final judgment (trânsito em julgado) of the processes. www.metro1.com.br · www.alagoas24horas.com.br · dev.tnonline.com.br · juristas.com.br · oaltoacre.com · +22 more
- [● 3 SOURCES] The CNJ ordered the TRF-1 to explain a R$ 16.1 million withdrawal from a linked account that occurred in July. jovempan.com.br · www.acessa.com
- [● 25 SOURCES] The law firm Queiroga, Vieira, Queiroz & Ramos confirmed a formal contract with Banco Master but stated no success fees had been paid. www.metro1.com.br · www.alagoas24horas.com.br · cenariomt.com.br · noticiacapital.com.br · odia.ig.com.br · +18 more
- [● 29 SOURCES] Benedito Gonçalves determined the cancellation of 16 precatórios and the return of R$ 4.7 billion to the National Treasury. www.metro1.com.br · www.alagoas24horas.com.br · dev.tnonline.com.br · juristas.com.br · oaltoacre.com · +22 more
- [● 17 SOURCES] The return of funds does not extinguish the underlying credits, which may be reissued if legal requirements are met. eassim.com.br · www.acessa.com · ejornais.com.br · www.jcatibaia.com.br · www.metro1.com.br · +10 more
- [● 25 SOURCES] The credits were identified in a list found on the mobile phone of former banker Daniel Vorcaro, associated with Banco Master. www.metro1.com.br · www.alagoas24horas.com.br · juristas.com.br · cenariomt.com.br · noticiacapital.com.br · +18 more