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4 results for “Federal District”

Brazil Police Conclude ‘Fraudulent Management’ in BRB’s R$17.5 Billion Banco Master Deals
PROMarkets• Sep 11

Brazil Police Conclude ‘Fraudulent Management’ in BRB’s R$17.5 Billion Banco Master Deals

Brazil's Federal Police concluded that former directors of the state-controlled BRB bank committed fraud in the purchase of R$17.5 billion in credit portfolios.

Bolsonaro’s Wife Holds Strong Lead in Brasília Senate Race, While PT Faces High-Stakes Tie in Bahia
Politics• Sep 09

Bolsonaro’s Wife Holds Strong Lead in Brasília Senate Race, While PT Faces High-Stakes Tie in Bahia

New polls show Michelle Bolsonaro's leverage in the capital and an intense gubernatorial battle in Lula's key stronghold.

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal
PROPolitics• Aug 20

Supreme Court Intervenes in R$6.6 Billion Brazil State Bank Bailout Amid Massive Fraud Scandal

STF Minister Luiz Fux is mediating a rescue plan for state-owned Banco de Brasília (BRB) after its exposure to the Banco Master fraud.

Brazil’s Central Bank Pressures State-Owned BRB Bank Over R$ 6.6 Billion Fraud Loss
Politics• Aug 17

Brazil’s Central Bank Pressures State-Owned BRB Bank Over R$ 6.6 Billion Fraud Loss

Central Bank demands capital action from BRB after a massive fraud, while the political liability risks liquidation or privatization.