The Federal Police launched an operation to investigate Banco Master on suspicion of billion-dollar fraud. According to the investigations, the bank used common tools such as Microsoft Office, codes, and PDF files to fabricate false documents.
The scheme allegedly involved an estimated amount of R$ 7.15 billion in fraud. The investigations indicate that the documents were adulterated in a relatively simple manner, using text editing programs and other resources available on the market.
Banco Master has not yet officially commented on the accusations. The operation continues in progress to investigate all ramifications of the alleged document forgery scheme.
