Brazil Supreme Court authorizes freezing of investor Nelson Tanure's assets

SAO PAULO, Jan ⁠19 (Reuters) - Brazil's ⁠Supreme ‍Court Justice Dias Toffoli has allowed a prosecutor's request for banks to ‍freeze assets belonging to Brazilian entrepreneur Nelson Tanure ​due to an investigation into lender Banco Master, according ​to a document made public last Friday.

The request was made by the country's Prosecutor General's Office. The mid-sized bank ​was liquidated by the central bank last November.

Investigators allege that Tanure has been a "hidden ​partner" of Master, an accusation the businessman has disputed, saying ‌he has owned a stake in the lender directly or through financial instruments.

In a ​statement released on Monday, ⁠Tanure's lawyer Pablo Naves Testoni reaffirmed the investor's stance, saying he has ‌never made a transaction that could back up such an allegation.

Brazil's central bank ordered Master to be ‌liquidated citing "severe liquidity crisis", a serious deterioration in its financial ‌condition and violations of financial system rules.

While Master holds less than 1% of banking assets in Latin America's ‍largest economy, its collapse has led to scrutiny as the bank grew ⁠very fast by issuing high-yield debt marketed as covered by Brazil's private deposit guarantee fund, known as FGC.

(Reporting by Luciana Magalhaes and Ricardo Brito; Editing by David Gregorio)

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