Business · Brazil · Banking

Key Facts

—The raid. Brazil’s Federal Police launched Operation Mirage on June 23 against Digimais, the mid-sized bank controlled by billionaire bishop Edir Macedo.

—The money. A federal judge froze assets worth up to 670 million reais ($130m) and lifted the banking secrecy of those under investigation.

—The warning before it. Days earlier, ratings agency Fitch downgraded Digimais and called a failure a real possibility.