Mendonça increases transparency in Banco Master case

STF Justice André Mendonça ordered greater transparency in the Banco Master case by mandating the delivery of ex-banker Daniel Vorcaro's data to the INSS CPI and the Federal Police. The ruling makes Vorcaro's attendance at the commission optional and reduces risks of evidence tampering. Meanwhile, reports of parties hosted by Vorcaro with authorities heighten suspicions of undue influence in power structures.

The Banco Master scandal took new turns with STF Justice André Mendonça's ruling, mandating Senate President Davi Alcolumbre to provide the INSS CPI with data from the breach of secrecy of ex-banker Daniel Vorcaro. This information will also go to the Federal Police, which sources say reduces the risk of evidence being corrupted or selectively used amid recent pressure on the PF.

Mendonça further waived the requirement for Vorcaro to attend the CPI, scheduled for February 23, 2026, making his presence optional. Vorcaro has stated he will not appear before the commission and likely will not attend the Senate's Economic Affairs Commission (CAE) the following day, despite a prior agreement with CAE President Senator Renan Calheiros.

This step aims for greater transparency in the process, previously under the rapporteurship of Justice Dias Toffoli and involving restrictions on the PF's investigation. Mendonça's decision grants more autonomy to the police and limits Vorcaro's defense strategies; he was arrested in November 2025 and has been working behind the scenes to shape narratives.

Meanwhile, reports on parties hosted by Vorcaro during the bank's billion-dollar fraud describe events with authorities, 'beautiful women, little clothing, and lots of alcohol,' including foreigners unfamiliar with Portuguese. Columnist José Casado, in an analysis on the Os Três Poderes program, noted that these gatherings may reveal political and institutional protection for the bank, potentially amounting to 'state capture' by private interests. He warned of possible recorded videos that could affect judicial investigations and prevent procedural nullities due to bias claims.

The case, involving risky financial ties between the Vorcaro family and Toffoli, pressures Congress, the Judiciary, and the government, with expectations of impact on the electoral campaign. Authorities like Alexandre de Moraes and Alcolumbre face a loss of control over the process, as reported at the end of the week of February 20, 2026.

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Realistic depiction of STF Justice André Mendonça meeting with Federal Police on Banco Master case investigations.
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Mendonça schedules new meeting with PF on Banco Master case

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STF Justice André Mendonça has called a new meeting with the Federal Police for Monday (23) to discuss the progress of investigations into Banco Master and next steps. This follows his assumption of the case's rapporteurship, replacing Dias Toffoli amid controversies. The meeting will include preliminary reports and review of prior decisions.

Supreme Court Justice André Mendonça ruled that Daniel Vorcaro, owner of Banco Master, is not required to appear before the mixed INSS CPI. The decision followed the committee's advancement of his testimony to February 23. Vorcaro, under electronic monitoring, is considering not attending the interrogation.

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The president of the CPMI do INSS, Senator Carlos Viana, announced he will appeal the STF decision allowing banker Daniel Vorcaro not to testify before the commission. The Federal Police presented updates on the Banco Master investigations to Minister André Mendonça in a meeting on Monday. Lawmakers criticize delays in sending broken secrecy documents to the CPI.

STF Minister Dias Toffoli denied the Attorney General's Office request to suspend an acareação involving suspects in the Banco Master irregularities case, scheduled for December 30. The hearing will confront Daniel Vorcaro, the bank's owner, Paulo Henrique Costa, former BRB president, and Ailton de Aquino, Central Bank's Fiscalization Director. Lawyers describe the measure as inopportune, as individual depositions have not yet been taken.

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The Federal Police requested the Supreme Federal Court to declare Minister Dias Toffoli recused as rapporteur in the Banco Master investigations, based on mentions of the magistrate found on Daniel Vorcaro's cell phone. The request was submitted to Court President Edson Fachin, who ordered Toffoli to respond. The minister's office described the request as unfounded allegations and questioned the PF's legitimacy.

Supreme Court Justice Gilmar Mendes suspended the breaking of banking, fiscal, and telematic seals for Maridt, a company in which Justice Dias Toffoli is a partner. The action responded to an order from the CPI on Organized Crime and was criticized in a Folha de S.Paulo editorial as an irregular maneuver. The decision relied on a 2021 archived writ of mandamus unrelated to the current case.

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In a follow-up ruling, STF Minister Dias Toffoli rejected the Central Bank's embargos to remove Fiscalization Director Ailton Aquino Santos from the December 30 confrontation hearing in the Banco Master case, emphasizing his relevance despite BC not being investigated.

 

 

 

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