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.

Daniel Vorcaro, owner of Banco Master, and Paulo Henrique Costa, former BRB president, underwent a confrontation at the Supreme Federal Court due to contradictions in their statements to the Federal Police. The procedure took place on the night of December 30 and lasted nearly seven hours in total. The Central Bank's director, Ailton de Aquino, was excused from the confrontation.

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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.

Senator Rogério Marinho (PL-RN), a member of the CPMI on INSS, advocated for a specific parliamentary inquiry commission to investigate the Banco Master scandal following new revelations from the breach of Daniel Vorcaro's secrecy. Marinho argues that the case is complex and exceeds the current commission's scope. The presidents of the Senate and Chamber resist opening the CPI.

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President Luiz Inácio Lula da Silva stated in an interview that during a December 2024 meeting with Daniel Vorcaro, he promised a technical investigation by the Central Bank into Banco Master without political interference. However, documents indicate the formal probe into credit portfolio frauds only began in March 2025. The Presidency clarified that the meeting addressed Vorcaro's complaints of persecution.

 

 

 

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