Central Bank and TCU Set Jan. 12 Meeting on Master Case as Audit Backs Liquidation

Overview

• A preliminary report by TCU auditors says there was no inaction by the Central Bank, cites continuous monitoring, and notes the court lacks authority to undo a legally grounded liquidation.
• TCU chief Vital do Rêgo publicly affirmed it is not the court’s role to reverse the Master decision and expects swift closure of the oversight process after the plenary sets procedures.
• Central Bank filings to federal prosecutors detail an alleged R$ 11.5 billion scheme routed through Reag-managed funds, with 36 companies tied to fictitious loans and asset inflation.
• Federal Police are probing reported payments to influencers to discredit the Central Bank’s action, while controller Daniel Vorcaro denies hiring such campaigns in a filing to the Supreme Court.
• A push for a congressional inquiry gained signatures in both chambers, though congressional leaders and government allies resist moving a CPI forward.