Brazil court orders seizure of R$2.76B from ex-BRB executives over Banco Master deals

Brazil's Federal District Court of Accounts (TCDF) ordered the seizure of R$2.761 billion from former BRB CEO Paulo Henrique Costa and four ex-directors over alleged irregularities in portfolio purchases involving Banco Master. The confidential process, decided in a closed session, marks a significant escalation in accountability for state-bank management, though details remain sealed.