The Government of the Federal District is closely monitoring the possibility of Daniel Vorcaro selling fraudulent portfolios from Ao (Banco de Brasília) and is awaiting the return of the money to reimburse the bank.
This is because the (Supreme Federal Court) provides that any amounts reimbursed by the Master bank will be used to cover the state bank’s credit operation.
Expectations are high because in negotiations with the PF () and the (Attorney General’s Office) former banker Daniel Vorcaro has been told that he would return between R$40 and R$60 billion.
According to the agreement signed between the government and the GDF, the first to be reimbursed would be retiree funds. Master owes them around R$3.5 billion.
Soon after, BRB appears, which is due to the fraudulent wallets passed on by Vorcaro’s bank.
The agreement gave authorization to Banco de Brasília, which must be paid in 15 years, after a two-year grace period.
The Legislative Chamber of the DF and, now, the GDF hope to sign the agreement with the fund within two weeks.
Even in the face of criticism that the operation could affect the government’s cash flow in the future, the assessment of members of the Federal District Government is that the bank itself will be able to pay off the loan because it had been recording a profit in recent years.
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