< Back to all clusters
[POLITICS] · Brazil · 7 sources

started · updated

Distrito Federal voters disapprove of BRB's Banco Master deal

A Quaest poll indicates that 78% of voters in the Distrito Federal believe the government acted incorrectly regarding the Banco de Brasília (BRB) attempt to acquire Banco Master. Only 7% of respondents viewed the administration's actions as correct.

The attempted R$ 2 billion transaction, which aimed to purchase 58% of Banco Master's capital, was ultimately rejected by the Central Bank. The operation has been subject to investigations by the Federal Police under 'Operação Compliance Zero' and has faced scrutiny from the Public Ministry and the Court of Accounts.

In response to the situation, Governor Celina Leão stated that managers involved in the operations with Banco Master and Reag should be held accountable for any potential financial losses. The BRB has authorized legal measures to seek recovery of funds or punishment for those responsible for damages to the institution's assets.

Entities

Banco Master · Banco de Brasília · Celina Leão · Distrito Federal · Ibaneis Rocha