Deputy Carlos Jordy announced that the request for a Joint Parliamentary Inquiry Commission on Banco Master has 205 signatures, exceeding the required 198. Signed by 177 deputies and 28 senators, the document will only be filed in February after the legislative recess. The move comes amid probes into a billion-dollar fraud involving rotten bonds at the bank.
Vice-leader of the opposition in the Chamber, Carlos Jordy (PL-RJ), stated on December 31, 2025, that the request to open a Joint Parliamentary Inquiry Commission on Banco Master has gathered enough signatures to proceed in Congress. In a social media post, he said: “We already have 205 signatures for the installation of the Banco Master CPMI. 198 were needed and we got 7 more.” Jordy noted the involvement of 177 deputies and 28 senators, surpassing the minimum of 171 deputies and 27 senators required.
The lawmaker urged continued pressure for more signatures, as the request can only be filed upon return from recess in February. Banco Master is under scrutiny for suspected billion-dollar fraud, including the sale of rotten bonds to Banco de Brasília (BRB) in a roughly R$12 billion deal aimed at averting its collapse. The Central Bank identified irregularities, such as fictitious contracts backing CDs, leading to the extrajudicial liquidation of the institution led by Daniel Vorcaro.
On December 30, the Federal Police conducted a confrontation between BRB's former president, Paulo Henrique Costa, and Vorcaro, ordered by STF Justice Dias Toffoli. Costa maintained that the transactions were “technical, collegiate, and formally documented decisions,” denying contradictions with Vorcaro's version. The PF also heard Ailton de Aquino Santos, the BC's Supervision Director, who reviewed the operation.
A second complaint from the BC to the MPF, involving R$11.5 billion in funds managed by Reag, indicates investigations are just beginning. Vorcaro was arrested in November while attempting to flee the country. Experts warn of financial market impacts and draw parallels to the Lojas Americanas case, stressing the need for accountability and compensation to affected investors.
