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Overview
- FGC says roughly 1.6 million eligible clients will be reimbursed up to R$250,000 per CPF/CNPJ, with payments typically starting about 30 days after the liquidator delivers creditor data.
- FGC’s chief estimates total disbursements could climb toward R$48 billion if units under special administration are also wound down, equal to about 30% of the fund’s liquid reserves.
- Federal police arrested controller Daniel Vorcaro at São Paulo’s Guarulhos airport on suspicion of fraudulent management and related crimes tied to fabricated credit portfolios.
- Court filings and investigators report BRB sent R$16.7 billion to Master since 2024, including R$12.2 billion in transactions flagged as likely fraudulent; BRB president Paulo Henrique Costa was removed for 60 days.
- Public pension funds face exposure to non‑guaranteed letras financeiras, with Rio’s Rioprevidência acknowledging R$960 million in purchases as the state audit court cites up to R$2.6 billion including related funds.