BY Brazil Stock Guide – Federal Police agents had been tracking the movements of Banco Master owner Daniel Vorcaro as part of an investigation into alleged crimes related to the bank’s management.
On the eve of the Master liquidation operation, investigators detected that Vorcaro was preparing an attempted escape abroad through São Paulo’s Guarulhos Airport, according to local press. Authorities suspect that information about his arrest warrant had leaked, prompting him to try to flee before the order could be executed.
Faced with this risk, Federal Police decided to bring forward the enforcement of the warrant. On Monday night, the 17th, Vorcaro attempted to board a private jet bound for an international destination. He was intercepted by Federal Police officers at the airport around 10 p.m., where he was taken into custody.
On Tuesday morning, Federal Police launched the rest of the operation, which includes the execution of five preventive arrest warrants, two temporary arrest warrants, and 25 search-and-seizure orders.
Read more: Brazil Liquidates Banco Master as Federal Police Launch ‘Compliance Zero’ Probe and Arrest Owner
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