Brazil Federal Police indicts Master bank founder, 14 others; seeks 60-day extension

Brazil's Federal Police has formally indicted Daniel Vorcaro, founder of Banco Master, and 14 others in the ongoing 'Master case,' requesting an additional 60 days to complete the investigation. The move signals a deepening probe into alleged financial crimes, though specific charges remain undisclosed. This escalation could pressure the bank's operations and broader Brazilian financial-sector sentiment.

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