PGR Prepares Charges Against Former Banco Master Controller

The Prosecutor General's Office is preparing the first formal charges related to the Master case. This move comes one year after the first arrest of Daniel Vorcaro. The deadline for the Prosecutor General's Office to respond to the Federal Police report ends this week.

The inquiry investigates fraud in operations between Banco Master and BRB. The Federal Police indicted Daniel Vorcaro and former BRB president Paulo Henrique Costa along with 13 other individuals. The report points to the fact that the volume of assets and credit portfolios traded between the institutions reached R$ 17.5 billion.

Investigations suggest that R$ 12.2 billion refers to non-existent credits. The Federal Police divided the case into five operational hubs to facilitate analysis. The final document describes Vorcaro as the main command center for the criminal organization's decisions.

The crimes attributed include fraudulent management and money laundering. The Prosecutor General's Office intends to split the charges according to the hubs identified by the police. The Supreme Federal Court will receive the documents to decide on the opening of criminal proceedings.

The process faces obstacles regarding the definition of the rapporteur at the Court. Justice Edson Fachin has been handling urgent decisions while the situation remains unformalized. The status of those involved will change from suspects to defendants only after a plenary vote.