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Hidden Credit probe puts fintechs and a fuel deal under scrutiny

Brazilian prosecutors are investigating alleged financial structures used to conceal ownership of a sugar mill and support the acquisition of a fuel distributor. Banco Genial says a former executive targeted in the searches left the institution in May and that it is cooperating with investigators.

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Zanin Halts Push to Force Banco Master Inquiry, for Now

Justice Cristiano Zanin declined to compel the Senate to establish a Banco Master inquiry, saying the record does not yet show an unlawful omission. Senator Alessandro Vieira plans to submit further evidence, while the dispute highlights differing views of the Senate’s duty to act.

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