The Federal District Court ordered BRB DTVM, the investment arm of BRB (Banco de Brasília), to compensate a technology company that invested R$4 million in a bank that months later was liquidated.
The investment in CDBs from BRK Financeira was made in October 2022 by Microtécnica Informática following a recommendation from the state bank and Genial Investimentos.
Four months later, in February 2023, the financial institution went into extrajudicial liquidation, which led to the loss of a large part of the amount invested.
The court understood that there were failures in the guidance and provision of information to the client. For judge Geilza Fática Cavalcanti Diniz, the recommendation was made based on incomplete and outdated information.
This is because BRB used old data about BRK’s financial health. Furthermore, the bank would not have pointed out the absence of a credit rating or clarified that it did not protect the majority of the investment.
Another point considered in the decision is that the profile of the investing company had a low risk tolerance, which would require even more caution from the bank. Which didn’t happen.
Last year, Banco de Brasília purchased R$12.2 billion and now needs to cover a shortfall of around R$6.6 billion.
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