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last mo.

Brazil Probes R$330 Million CRI Deal That Used Ronaldinho’s Land as Collateral

Investigators describe a round‑tripping pattern that boosted Banco Master’s reported assets using related funds.

O ex-jogador de futebol Ronaldinho Gaucho.
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Overview

  • Two plots linked to Ronaldinho Gaúcho were listed as collateral in an August 2023 Base Securitizadora issuance of R$330 million in CRIs sold to S&J Consultoria.
  • Federal prosecutors and the Central Bank say the money was routed through Banco Master’s Fundo City 02 into funds tied to Master and the Reag manager rather than financing real estate works.
  • Supreme Court minister Dias Toffoli authorized Federal Police warrants targeting companies involved, with CRIs under suspicion from Base Securitizadora possibly nearing R$1 billion.
  • Ronaldinho’s lawyers state he did not authorize or know of the credits and that the planned Porto Alegre project was canceled over licensing and tax issues, with no charges filed against him to date.
  • Banco Master and Reag have been placed in liquidation by the Central Bank, as authorities scrutinize transactions alleged to have inflated asset quality and funding capacity.