Folha Readers Demand PF Probe in Banco Master Scandal

Amid the Banco Master scandal—marked by its November 2025 liquidation, billion-dollar fraud allegations, and political ties—Folha subscribers demand a Federal Police investigation into implicated politicians and condemn social media attacks on the Central Bank. The TCU president affirms any liquidation reversal lies solely with the STF.

Folha's Reader Panel highlighted outrage over the Banco Master case following recent reports on potential liquidation reversals. Subscribers condemned political interference and called for accountability in Brazil's financial oversight.

Maria Alice Costalonga from São Paulo decried: "What a shame to reverse the liquidation! Isn't the owner's bad character proven?" Fernando Sanches, also from São Paulo, stated: "Evil won." Luzonaldo Augusto from Recife urged: "The PF must investigate and take down the politicians involved in the case. There are many implicated," referencing reports of at least 46 internet profiles launching coordinated attacks on the Central Bank and investigators.

These reactions underscore public demands for transparency amid ongoing probes into frauds, institutional investments, and judicial scrutiny by the STF and TCU.

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Justice officials urgently seeking Banco Master liquidator Eduardo Félix Bianchini at São Paulo office amid escalating legal disputes.
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Justice Officials Seek Banco Master Liquidator Amid Confrontation Escalation

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In the latest twist in the Banco Master liquidation case—following STF Minister Dias Toffoli's December 27 rejection of the Central Bank's bid to exclude its Fiscalization Director from the December 30 confrontation—two justice officials visited the São Paulo office before Christmas seeking liquidator Eduardo Félix Bianchini, fueling expectations of summons in the ongoing legal disputes.

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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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.

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.

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In the latest development in the Banco Master scandal, a federal judge in Florida on January 8 recognized Brazil's Central Bank-ordered liquidation of the bank, blocking its US assets and dealing a blow to controller Daniel Vorcaro. The ruling counters Vorcaro's bid to halt recognition, citing a potential TCU reversal amid billion-dollar fraud allegations involving the Central Bank and Federal Police.

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.

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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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