Brazilian Prosecutors Disclose Review Period for Evidence in Banco Master Case
Federal prosecutors will take six months to review evidence in the Banco Master case. The probe centers on a 41 billion reais liability for a guarantee fund.
Insights:
Federal prosecutors in Brazil 
BRannounced they will require four to six months to analyze evidence gathered in the second phase of a federal police operation targeting the liquidated lender Banco Master. This disclosure establishes a critical timeline for deciding whether to file criminal charges following the high-profile collapse of the institution. On Wednesday, authorities executed the second phase of the probe, which resulted in the freezing of 5.7 billion reais in assets belonging to suspects under investigation as they monitor the Brazilian Real / US Dollar impacts on recovery.
BRannounced they will require four to six months to analyze evidence gathered in the second phase of a federal police operation targeting the liquidated lender Banco Master. This disclosure establishes a critical timeline for deciding whether to file criminal charges following the high-profile collapse of the institution. On Wednesday, authorities executed the second phase of the probe, which resulted in the freezing of 5.7 billion reais in assets belonging to suspects under investigation as they monitor the Brazilian Real / US Dollar impacts on recovery.
