Operation Compliance Zero targeted seven executives from both financial institutions, accused of fraud in securities sold to the BRB.
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November 20
2025
– 1:37 pm
(Updated at 1:38 p.m.)
summary
Federal police have seized R$230 million in an operation against fraud at Banco Master and BRB, with seven executives arrested and high-value assets seized.
Federal Police (PF) agents seized the equivalent of R$230 million during Operation Compliance Zero, which targeted executives from Banco Master and Banco de Brasília (BRB). The information comes from presenter Camila Bomfim, from the program Conexão Globonews.
Just one of Daniel Forcaro’s planes, the owner and controller of the main plane, is worth R$200 million. Fuccaro was arrested last Monday, the 17th, while trying to leave Brazil. In addition to him, six other executives were arrested – all accused of defrauding shares sold to BRB.
The seized assets also included cash (R$ 2 million), jewelry (R$ 380,000), works of art (R$ 12.4 million), watches (R$ 6.15 million), and vehicles (R$ 9.2 million).
Last Tuesday, the 18th of this month, the Central Bank issued a decision regarding the extrajudicial liquidation of Banco Master and the unavailability of assets owned by the institution’s former directors. This measure prevented the purchase of Master by a consortium led by the investment group Victor Holding Financeira.
On Thursday, the 20th of this month, the Federal Court decided to maintain Foccaro’s detention after rejecting a request to issue a judicial order that would have granted the executive authority temporary freedom.
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