By Brazil Stock Guide – BRB – Banco de Brasília S.A. obtained a court injunction to freeze and attach shares held by individuals linked to its internal “Compliance Zero” investigation, a case that may involve past transactions connected to Banco Master S.A., currently under extrajudicial liquidation.
The urgent ruling, granted by a civil court in Brasília, blocks the transfer or sale of the affected shares. The stated objective is to preserve assets that could be used to compensate the bank if financial damages are confirmed.
Crucially, the bank does not identify the individuals in its official filing. The material fact refers only to “individuals linked to the operation,” and the proceedings are under judicial seal, meaning Brazilian law prevents public disclosure of the defendants’ identities at this stage.
However, according to local Brazilian media reports, the individuals who acquired BRB shares as private investors include Daniel Vorcaro; former Banco Master partner Maurício Quadrado; Reag Investimentos founder and former executive João Carlos Mansur; and businessman Nelson Tanure. These names do not appear in BRB’s official statement and have not been formally confirmed by the bank in its filing.
BRB said the independent investigation — conducted by Machado Meyer Advogados with forensic support from Kroll Associates Brasil — produced preliminary findings that were forwarded to the Polícia Federal and other authorities.