Celina Leão shakes hands with Edison Garcia at podium during BRB bank board chair nomination announcement in Brasília.
Celina Leão shakes hands with Edison Garcia at podium during BRB bank board chair nomination announcement in Brasília.
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Celina Leão nominates Edison Garcia to chair BRB's board

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Acting Governor of the Federal District Celina Leão has nominated Edison Garcia, current president of CEB, to chair the Board of Directors of the Bank of Brasília (BRB), replacing Marcelo Talarico, who refused to step down. The change comes amid investigations into frauds involving credit portfolios from Banco Master. The transition process is expected to take about one month.

The nomination of Edison Garcia to the Board of Directors (Consad) of the BRB was made by Celina Leão (PP), acting governor of the Federal District, via official document. Garcia, who has presided over the Companhia Energética de Brasília (CEB) since 2019, led the sale of subsidiary CEB Distribuição for R$ 2.515 billion and served as a councilor at Petrobras.

Marcelo Talarico, the current Consad president, refused to leave the position and intended to complete his term, as reported by Metrópoles. Talarico's dismissal will occur in an assembly, followed by Garcia's election, with the process estimated at one month.

Celina also nominated Joaquim Lima de Oliveira, replacing Luis Fernando de Lara Resende, and Sérgio Ricardo Miranda Nazaré to the board. The BRB's Consad is responsible for setting attributions, overseeing directorate management and subsidiaries, and approving executive appointments.

This move follows Nelson Antônio de Souza's inauguration as BRB president in November 2025, after Operação Compliance Zero, which probes frauds in credit portfolios acquired from Banco Master, liquidated extrajudicially by the Banco Central. The Federal Police investigate losses up to R$ 12 billion, though former president Paulo Henrique Costa claims the net negative balance is under R$ 2 billion.

The BRB has hired auditor Machado Meyer and consultant Kroll to assess impacts, and anticipates possible funding from the DF government in case of losses. Additionally, the Tribunal de Contas da União (TCU) will begin an inspection by January 15, 2026, on the Master liquidation, covering the prior management of Roberto Campos Neto at the BC, lasting 15 to 20 days.

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Requests to create CPIs to investigate the Banco Master scandal have support from opposition, centrals, and even Lula government allies. There are three requests with sufficient signatures, but installation depends on Congress presidents' decision. The focus includes BRB negotiations and irregularities in investment funds.

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STF Justice André Mendonça has called a new meeting with the Federal Police for Monday (23) to discuss the progress of investigations into Banco Master and next steps. This follows his assumption of the case's rapporteurship, replacing Dias Toffoli amid controversies. The meeting will include preliminary reports and review of prior decisions.

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