BRB claims victim of criminal acts amid Master portfolio fraud probe

Banco de Brasília (BRB) publicly asserts it was a victim of criminal acts after leaked information suggests former CEO Paulo Henrique Costa and six other directors approved fraudulent management in the purchase of Master portfolios. The breach of confidentiality in the Master case reveals 25 board-approved operations totaling R$ 17.5 billion. This marks a notable shift in BRB's defensive posture, potentially signaling legal strategy ahead of formal charges.