Fachin criticizes media coverage of Banco Master case in follow-up STF note

Following his January 22 defense of the STF's handling, President Edson Fachin issued a January 25 statement slamming media coverage of the Banco Master fraud case as an attack on the court's authority and democracy. The move has ignited debate, with columnists decrying it as shielding judges amid reported irregularities like contracts and personal ties.

On January 25, 2026, Supreme Court Justice Edson Fachin, president of Brazil's STF, released a statement addressing media coverage of the Banco Master case—a fraud probe involving banker Daniel Vorcaro and Justice Dias Toffoli's reported ties, following Toffoli's orders for investigator depositions. This came days after Fachin's January 22 technical note defending monocratic decisions during recess and rejecting threats to the institution.

Fachin stated: "Whoever tries to demoralize the STF to erode its authority, in order to provoke chaos and institutional dilution, is attacking the very heart of constitutional democracy and the rule of law. The Supreme Court acts by constitutional mandate, and no political, corporate, or media pressure can revoke that role."

The statement portrays journalistic reporting as undermining the court and rule of law. Columnists like Lygia Maria of Folha de S.Paulo called it shameful corporatism, arguing journalism exposes facts needing scrutiny, such as a multimillion-dollar contract between Banco Master and the law firm of Justice Alexandre de Moraes' wife; links between bank-related funds and a resort co-owned by Toffoli's brothers; Toffoli's visits there; and the brothers' company headquarters at a family residence, unbeknownst to Toffoli's sister-in-law.

Critics emphasize reporting informs citizens without aiming to topple institutions. Yet the STF frames itself as victimized, echoing patterns in cases like the 2024 fake news inquiry, where Moraes investigated a Folha leak as organized crime against democracy—seen by detractors as curbing scrutiny.

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STF Minister Dias Toffoli overseeing acareação confrontation between Banco Master suspects Daniel Vorcaro, Paulo Henrique Costa, and Ailton de Aquino in irregularities case.
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Toffoli upholds acareação in Banco Master case despite PGR objection

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STF Minister Dias Toffoli denied the Attorney General's Office request to suspend an acareação involving suspects in the Banco Master irregularities case, scheduled for December 30. The hearing will confront Daniel Vorcaro, the bank's owner, Paulo Henrique Costa, former BRB president, and Ailton de Aquino, Central Bank's Fiscalization Director. Lawyers describe the measure as inopportune, as individual depositions have not yet been taken.

In the ongoing Banco Master fraud probe at the STF—where Justice Dias Toffoli earlier ordered depositions from investigators including banker Daniel Vorcaro—STF President Edson Fachin issued a note on January 22, 2026, defending the court's actions and Toffoli's role. Without naming the case directly, he upheld monocratic decisions during recess, rejected threats to the institution, and warned that attacks on the STF undermine democracy.

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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.

President lula's nomination of attorney-general jorge messias to the supreme court has strained relations with the senate, opposing senate president davi alcolumbre's preference for rodrigo pacheco. Alcolumbre criticized the delay in officially submitting the nomination and denied cargo negotiations, while the government rejects insinuations of cronyism. Messias' hearing is scheduled for december 10 amid debates on judicial self-restraint.

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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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