Updated
Updated · Bloomberg · May 26
Brazil Police Raid Ex-Governor Cláudio Castro's Home in Banco Master Probe
Updated
Updated · Bloomberg · May 26

Brazil Police Raid Ex-Governor Cláudio Castro's Home in Banco Master Probe

3 articles · Updated · Bloomberg · May 26
  • Federal police executed search-and-seizure warrants at former Rio de Janeiro Governor Cláudio Castro’s home in a new phase of the Banco Master SA investigation.
  • The operation centers on Banco Master, the failed lender at the heart of the probe, extending scrutiny beyond the bank itself to a prominent political figure.
  • The raid marks the latest escalation in Brazil’s investigation into the bank’s collapse and its potential political connections.
How did Brazil's largest bank fraud operate for years under the Central Bank's watch?
With R$50 billion lost, can Brazil's new banking rules prevent the next financial disaster?