Desembargador Roberval Belinati of TJDFT suspended on March 17 an injunction blocking the use of public properties as collateral for BRB loans to cover Banco Master losses. This follows the DF Assembly's approval on March 3 and Governor Ibaneis Rocha's sanction on March 10 of a law authorizing up to R$ 6.6 billion in operations. The ruling responds to an appeal by the Distrito Federal government, BRB's majority shareholder.
On March 17, Desembargador Roberval Belinati, first vice-president of the Tribunal de Justiça do Distrito Federal e Territórios (TJDFT), overturned a first-instance injunction from the 2nd Civil Court of Public Finances that had barred the Distrito Federal government (GDF) from using public properties as collateral to capitalize Banco de Brasília (BRB). The injunction stemmed from a public action by Ricardo Cappelli (PSB), Rodrigo Rollemberg, and others, citing risks of asset dissipation.
This development follows the Legislative Assembly's approval on March 3 of a bill—sanctioned by Governor Ibaneis Rocha (MDB) on March 10—listing nine public properties for potential sale, transfer, or use as collateral in operations up to R$ 6.6 billion with the Fundo Garantidor de Créditos (FGC) or banks. The measure addresses BRB's need to provision around R$ 8.8 billion for losses from fraudulent credit portfolios acquired from Banco Master.
GDF and BRB appealed the injunction on March 16, arguing it disrupted administrative functions and risked bank liquidation or federal intervention. Belinati highlighted BRB's 'relevant social function' in credit policies, government programs, and services for DF public servants and citizens, stating that DF's measures, authorized by local law, serve a primary public interest.
The decision preceded BRB's shareholders' assembly on March 18 for a capital increase up to R$ 8.86 billion, with a March 31 deadline for the 2025 balance sheet. Plaintiffs' lawyer Rodrigo Pedreira plans to appeal.
