Monetary authority responds to questions from the Court of Auditors after controversy over the process of closing the financial institution
The must deliver by 12pm this Friday (26th) its technical and legal defense to the Federal Audit Court (TCU) regarding the extrajudicial liquidation of , as determined by Minister Jhonatan de Jesus, from the TCU. The information was released by Caio Junqueira, from CNN Brazil.
The statement, required within 72 hours, responds to questions from the Court of Auditors about the conduct of the process by the BC — which last month decreed the liquidation of the institution following an investigation into financial irregularities and the issuance of false titles.
In the request for clarification, the TCU classified the liquidation as an “extreme” measure and pointed out signs of an atypical chronology in the decisions that led to the bank’s withdrawal from the market. The Central Bank will have to explain, among other points:
– Motivation and technical-legal foundations that supported the settlement;
– Assessment of less burdensome alternatives, including market solutions and reorganization instruments;
– Timeline of institutional negotiations, including acquisition proposals and negotiations with the FGC and other institutions;
– Internal decision-making governance, that is, whether there were technical disagreements and how they were handled;
The case has already gained other investigation fronts. The Federal Supreme Court () ordered a confrontation next Tuesday (30) involving the owner of Banco Master, the former president of BRB, Paulo Henrique Costa, and a director of the Central Bank.
The liquidation of Banco Master — which had been facing liquidity difficulties and is the target of fraud investigations — caused repercussions in the financial system and led authorities to defend the BC’s technical performance, which was also questioned by the Public Prosecutor’s Office with the TCU due to possible oversight failures.
