Justice Dias Toffoli, rapporteur of the inquiry into the R$12 billion fraud between Banco de Brasília (BRB) and Banco Master, prepared 81 detailed questions for banker Daniel Vorcaro, who was questioned on December 30. The queries examine suspicious transactions, failures in Central Bank oversight, and potential political connections. Toffoli lifted the secrecy of the depositions to progress the probe.
The Banco Master financial scandal emerged with the Central Bank's extrajudicial liquidation on November 18, 2025, following the detection of falsified credit portfolios. The fraudulent transaction nearly inflicted a R$12.2 billion loss on Banco de Brasília (BRB), majority-owned by the Federal District government, compelling the Credit Guarantee Fund (FGC) to disburse over R$40 billion to compensate creditors up to R$250,000 each.
As rapporteur in the Supreme Federal Court (STF), Dias Toffoli directed 81 questions to Daniel Vorcaro, a key figure at the bank, addressing his decision-making role from 2023 to November 2025, communications with the Central Bank, and dealings with firms like DPI Soluções e Pagamentos, Tirreno Consultoria, and Cartos Sociedade de Crédito Direto. Among the inquiries, Toffoli asks if Vorcaro sought political interventions with the BC on behalf of Master and if electoral donations were made to DF candidates. The only privileged authority mentioned is Governor Ibaneis Rocha (MDB), potentially probed in the Superior Court of Justice (STJ).
On the 29th, Toffoli countered criticisms of his case handling, stating in a note the 'absolute necessity of urgent due diligence' to safeguard the financial system. The questions spotlight oversight lapses: for instance, whether the BC identified irregularities in DPI and Tirreno portfolios independently or through third parties, and why inspections halted after uncovering forgeries in February 2025. Vorcaro faces queries on meetings with Cartos' Henrique Peretto and Tirreno's lack of financial transactions despite R$6.7 billion credit acquisitions.
The inquiry may uncover broader ties, including R$16.7 billion transfers from BRB to Master between July 2024 and October 2025, and Vorcaro's overseas assets. Toffoli stated he will assess whether the case stays in the STF upon conclusion.
