Carbon credits

Fuatilia

Vorcaro family controls irregular carbon credits project

The family of Daniel Vorcaro, a banker linked to Banco Master, controls 80% of a carbon credits project on public lands in the Amazon, which irregularly inflated investment funds by over R$ 45.5 billion. Documents reveal the involvement of Alliance Participações, managed by Vorcaro's father and sister, in a scheme under Police Federal investigation. Meanwhile, BRB plans to sell assets recovered from Master to bolster its financial position.

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