The TJDFT (Tribunal of Justice of the Federal District and Territories) asked Deputy Fábio Félix (PSOL) to present the list of information denied by the BRB (Bank of Brasilia) to the Legislative Chamber of the Federal District before voting on the project that approved the purchase of Banco Master, subsequently blocked by the Central Bank.
The MP, for example, asked the BRB for a complete description of the operation, in addition to objective information, such as the existence or not of a “formal acquisition proposal by Banco Master” and on what date.
Even though it is controlled by the Federal District Government, the BRB sent a document of only two pages with generic responses.
The bank said the requested information “concerned a strategic process of a competitive nature in the banking sector” and that its disclosure “would compromise the strategic positioning and competitiveness of the institution.”
Faced with the refusal, the district went to court. In the decision signed on December 10, Judge Carlos Eduardo Batista dos Santos now asks the parliamentarian to present the list of required data to the bank for further evaluation.
In a statement, the BRB said it “reaffirms its commitment to transparency and clarifies that it has complied with all legal decisions.”
In one of the few responses sent to Félix, BRB said the Master takeover would create “a robust, modern and comprehensive prudential conglomerate” and that Daniel Vorcaro’s bank specialized in “wholesale, consignment, foreign exchange and capital trading.”
“Benefits for the BRB and the Federal District: increased revenue, customer base and product diversification; increased dividend potential for the GDF (Federal District government); BRB’s project as a national, competitive and public bank,” the BRB said in the March 13 letter.
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