TCU official announces suspension of Central Bank probe in Banco Master scandal at a heated press conference amid protests and political tension.
TCU official announces suspension of Central Bank probe in Banco Master scandal at a heated press conference amid protests and political tension.
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TCU Suspends Central Bank Probe in Banco Master Liquidation Case

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In an update to the ongoing Banco Master scandal, the TCU has suspended its inspection of the Central Bank on January 8, following a preliminary review finding no regulatory inaction and amid public pressure. Opposition pushes forward with a CPMI proposal, while controversies persist over judicial ties and aggressive defense tactics.

Building on prior coverage of the Banco Master's extrajudicial liquidation by the Central Bank and the TCU's initial probe ordered by Minister Jhonatan de Jesus, the tribunal suspended the on-site inspection at the BC. Technicians' preliminary analysis, based on sealed BC responses, concluded continuous monitoring since mid-2024 with no inaction. Minister de Jesus, citing the case's 'public dimension' and collegial needs, accepted the BC's embargo challenging competence and referred it to the plenary.

The suspension followed negative repercussions and colleague pressure, as reported by Valor Econômico. Separately, Deputy Carlos Jordy (PL-RJ) secured 229 signatures for a CPMI to probe politico-juridical-financial links in the Master case, including dealings in Rio de Janeiro, Amapá, Bahia, and the Federal District. The effort faces resistance from PT, Psol, PCdoB, and lacks support from figures like Arthur Lira and Mecias de Jesus, father of the TCU rapporteur.

Escalation includes a R$2 million social media campaign by Vorcaro's defense, with 46 profiles posting 4,560 times against the BC on December 27. Reports highlight trails involving Ciro Nogueira and petistas, alongside STF relatives' prosperity: Dias Toffoli's flight with a Master lawyer and a R$129 million bank contract with Alexandre de Moraes' wife's firm, fueling calls for judicial ethics reforms.

Что говорят люди

Discussions on X reflect controversy over the TCU's suspension of its Banco Central inspection in the Banco Master liquidation case on January 8. Opposition figures and users criticize perceived interference by TCU minister Jhonatan de Jesus, demanding a CPMI to probe ties to politicians and judicial figures. Supporters of the BC highlight its autonomy and decry attacks as attempts to protect fraudsters linked to PCC funds. Neutral reports note no regulatory inaction found and ongoing public pressure.

Связанные статьи

Illustration of Brazilian Congress gaining broad support across parties for CPIs investigating Banco Master scandal, featuring signed requests and deliberating leaders.
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Banco master cpi gains broad support in congress

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Requests to create CPIs to investigate the Banco Master scandal have support from opposition, centrals, and even Lula government allies. There are three requests with sufficient signatures, but installation depends on Congress presidents' decision. The focus includes BRB negotiations and irregularities in investment funds.

Following the STF confrontation between Banco Master's controller Daniel Vorcaro and ex-BRB president Paulo Henrique Costa, the scandal deepens with TCU scrutiny of the Central Bank and new revelations of political ties and massive fraud risks. Experts urge full transparency to restore institutional trust.

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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.

Supreme Court Justice Alexandre de Moraes denied pressuring the Central Bank president in favor of Banco Master, embroiled in billion-dollar frauds. Reports indicate contacts between Moraes and Gabriel Galípolo, but both claim the meetings addressed the Magnitsky Act. The case has spotlighted judiciary ties and calls for investigation from opponents.

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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.

The Comissão de Valores Mobiliários (CVM) disclosed a list of internal processes related to Banco Master and Reag, institutions liquidated by the Banco Central after police operations against financial frauds. There are eight processes with formulated accusations and six in the investigation phase, but no judgments have been scheduled for 2026 due to the understaffed board of the agency.

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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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