Defense denies escape and says that Vorcaro was traveling to sign the sale of Banco Master






Banker Daniel Vorcaro’s lawyers denied that he was trying to flee the country when he was arrested on Monday night (17) at Guarulhos International Airport. The information comes from the columnist of Folha de S. PauloMonica Bergamo.

According to the defense, Vorcaro would travel to the United Arab Emirates to sign the Banco Master sales contract, an operation announced on the same day.

It occurred one day after , an institution controlled by Vorcaro and which was facing increasing difficulties. The offer included a consortium with investors from the United Arab Emirates, which, according to the statement, manage more than US$100 billion in assets.

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The operation, subject to approval by the Central Bank and Cade, included an investment of R$3 billion to reinforce capital. However, 24 hours after the announcement, the Central Bank decreed a temporary special administration regime at Master for 120 days and the liquidation of the conglomerate.

Group Maker

Fictor claims to be part of a conglomerate with businesses in food, resource management, payments, energy and real estate. According to the company, the group brings together around 30 projects worth more than US$1 billion (R$5.2 billion) and sponsors Palmeiras with R$30 million per year.

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