Senate approves summons of minister over Banco Master audits

The Senate Economic Affairs Committee approved the summons of Minister Wolney Queiroz to explain audits of pension funds linked to Banco Master. The request was filed by Senator Renan Calheiros and also includes the Previc director.

The approval took place on Tuesday, May 19, 2026. Senators seek details on documents that authorized investments in unguaranteed Banco Master bonds.

The request highlights indications that the technical documents resembled the bank's advertising materials, suggesting a lack of real analysis. State and municipal pension institutes invested R$ 1.87 billion in the institution.

Up to 20% of these funds' assets were concentrated in unguaranteed bonds. Hearing dates with Wolney Queiroz and Ricardo Pena Pinheiro have not yet been set.

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Parliamentary commission in São Paulo Assembly investigates pension fund losses in Banco Master pyramid schemes, with documents, screens showing corruption evidence, and symbols of financial misconduct.
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Sp assembly probes pension investments in banco master

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A parliamentary inquiry commission in the São Paulo Legislative Assembly is investigating municipal pension funds' investments in Banco Master's financial letters, owned by banker Daniel Vorcaro, arrested on Wednesday (4) for suspected corruption and obstruction of justice. The 120-day commission targets pyramid schemes and losses to cities like Cajamar and São Roque. Revelations from Vorcaro's phone messages reveal ties to authorities across the three branches of government.

The Senate's Economic Affairs Committee canceled on Monday (9/3) the public hearing scheduled for Tuesday with banker Daniel Vorcaro, controller of Banco Master, who is preventively detained in Brasília. The decision comes amid investigations into financial frauds and mentions of STF ministers in data from Vorcaro's cell phone. Minister André Mendonça authorized unrecorded lawyer visits to the detainee.

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Senate vice-president Eduardo Gomes (PL-TO) indicated an imminent decision on multiple investigation requests into the Banco Master scandal, following months of broad support across parties. Discussions among party leaders and Senate President Davi Alcolumbre are set for next week.

Deputy Rogério Correia (PT-MG) filed a request with the INSS CPMI to break the bank and fiscal secrecy of Ana Cláudia Queiroz de Paiva, an employee of Daniel Vorcaro. He also requested COAF reports on her financial movements and for her to testify before the commission. The action comes amid arrests related to investigations into fraud in INSS payroll loans.

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STF Justice Luiz Fux defended Rio de Janeiro from generalized criticisms by colleagues during a hearing on state elections, citing the Banco Master scandal involving other court members. He stated that good Rio politicians, if they go to hell, will be accompanied by high authorities. The exchange took place in a session on the interim command of Palácio Guanabara.

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