TCU calls for immediate suspension of Auxílio Brasil loan program: 'extremely high risk'
The agency seeks to analyze the criteria for granting loans, interest rates, profitability, expected default rates, and the approval of the credit line related to the loan.
247 - Minister Aroldo Cedraz, of the Federal Court of Accounts (TCU), has ordered Caixa Econômica Federal to respond within 24 hours with "opinions, technical notes, resolutions and collegiate decisions" regarding the granting of payroll loans linked to the Auxílio Brasil program. It was also... It has been requested that the electoral benefit be suspended. until all the documentation has been analyzed by the aforementioned court. A information This is from journalist Daniela Lima of CNN Brazil.
The TCU (Brazilian Federal Court of Accounts) seeks to analyze the criteria for granting loans, interest rates, profitability, expected default rates, and the approval of the credit line related to the loan.
“I emphasize the urgency of this analysis, as the volume of loans already granted and the speed of their release points to a very high risk, and this Court certainly cannot wait five business days for documentation that is expected to already exist to be sent to it,” wrote Minister Cedraz in his decision.
The Public Prosecutor's Office at the Federal Court of Accounts (MPTCU) had already sent a representation, on Thursday (20), to the TSE (Superior Electoral Court), pointing out the electoral bias of the payroll loan program "Auxílio Brasil" implemented by Jair Bolsonaro (PL). The agency had also previously requested the suspension of new loans in this modality.
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