Ex-Reag owner negotiated plea deal with federal police, then struck deal only with prosecutor general

João Carlos Mansur, the former owner of Reag, initially engaged in plea bargain discussions with Brazil's Federal Police. However, these talks did not progress, and Mansur opted to exclusively detail his proposed cooperation to the Prosecutor General's Office (PGR).

According to sources close to the Federal Police, Mansur had signed a confidentiality agreement with the PGR, a preliminary step before submitting documents and evidence. Despite starting negotiations with the Federal Police, he reportedly chose to conduct the entire negotiation process solely with the PGR, which will now handle the plea deal independently.

The UOL news outlet reported that the plea bargain agreement between Mansur and the PGR is in its final stages, though not yet signed. The report indicates that Mansur has submitted 17 annexes, primarily focusing on the activities of former banker Daniel Vorcaro. The information also implicates politicians, including Senator Jaques Wagner and former mayor and gubernatorial candidate ACM Neto.

Investigations by the Federal Police and the Central Bank suggest that the Master bank allegedly lent funds that were then directed to companies. Subsequently, the money was reportedly transferred to funds managed by Reag. Mansur is under investigation in Operation Compliance Zero for his association with Master, while Reag is implicated in Operation Carbono Oculto for suspected money laundering linked to organized crime. The expectation is that Mansur will provide details about the suspicious operations orchestrated by Vorcaro and his political connections. Previously, Mansur and Vorcaro had explored a joint plea deal, but it failed to materialize due to insufficient information deemed by both the Federal Police and the PGR.