The Federal Police arrested the owner of Banco Master, Daniel Vorcaroin an operation this Tuesday morning (18). He was arrested in São Paulo.
Operation Compliance Zero combats issuance of false credit securities by financial institutions that are part of the National Financial System. Crimes of fraudulent management, reckless management, criminal organization, among others, are being investigated.
The PF understands five preventive arrest warrants, two temporary arrest warrants and 25 search and seizure warrantsin addition to various precautionary measures in prison, in the states of Rio de Janeiro, São Paulo, Minas Gerais, Bahia and the Federal District.
The investigations began in 2024, following a request from the Federal Public Ministry, to investigate the possible manufacture of unsustainable credit portfolios by a financial institution. Such securities would have been sold to another bank and, after inspection by the Central Bank, replaced by other assets without adequate technical evaluation.
*Updating
