Banco Master's relationship with companies targeted in an operation against the PCC.
Of the 34 funds declared by Master, 18 are managed by Trustee DTVM and Reag Investimentos.
247 - More than half of the funds of Banco Master, under the leadership of Daniel Vorcaro and in the process of being sold to BRB (Banco de Brasília), are managed by the companies Trustee DTVM and Reag Investimentos, which were the target of an operation against the PCC (Primeiro Comando da Capital) in the financial and fuel sectors. The action exposed a possible weakness in the bank's sale process, which is currently under analysis by the Central Bank. This information comes from Folha de São Paulo.
Among the 34 funds declared by Master, 18 are managed by these two companies. Reag, which manages funds linked to the bank, is associated with the purchase of a R$ 36 million property in Brasília, acquired by a company linked to Vorcaro, Super Empreendimentos, which belongs to Reag. Vorcaro uses the property as a residence and meeting space for political networking. Trustee DTVM, which manages 13 Master funds, has also been involved in financial controversies.
This Thursday’s operation (28) sought to dismantle organized crime in the financial and fuel sector, and has generated distrust in the market about the sale process of Master to BRB.
In a statement, Banco Master said that "Reag is a service provider for Banco Master, and its activities include the management and administration of funds. It is one of several financial entities that provide services in this activity. Master is just one of hundreds of Reag's clients."
