Banco Master
Ex-BRB president arrested over R$146 million property bribe
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Federal Police arrested Paulo Henrique Costa, former Banco de Brasília (BRB) president, on Thursday (16) over a bribery scheme tied to Banco Master. This follows earlier investigation revelations, including a note suggesting Costa's efforts to save the bank through credit portfolio purchases amid potential R$5 billion losses for BRB. Costa allegedly received six properties worth R$146.5 million from Daniel Vorcaro to conceal irregularities. The arrest, authorized by STF's André Mendonça, led to transfer to Papuda prison.
CVM superintendent Daniel Valadão stated that the political appointment process for the agency has drastically reduced the board's productivity, with no processes judged in 2026. The remark came during a Supreme Court hearing on Banco Master frauds. The board currently has only two of five seats filled.
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Brazil's Workers' Party (PT) will discuss a political manifesto at its national meeting in Brasília this weekend, proposing milder judiciary reforms. The initial draft referenced 'promiscuity between judges and businessmen', now shifted to 'self-correction mechanisms'. This adjustment comes amid the Banco Master scandal implicating Supreme Federal Court (STF) justices.
Cláudio Hebdô blog on Folha de S.Paulo published a post on March 21, 2026, questioning the governors most involved in the Master case. The author points to Cláudio Castro of Rio de Janeiro and Ibaneis Rocha of the Federal District, noting they receive little attention.
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The STF's Second Panel ruled 4-0 to uphold the preventive detention of Banco Master owner Daniel Vorcaro on Friday (March 20). Justice Gilmar Mendes sided with rapporteur André Mendonça but criticized the reasoning as using 'porous and elastic' terms. The ruling comes amid Operation Compliance Zero probing financial frauds.
The Senate's Economic Affairs Committee canceled on Monday (9/3) the public hearing scheduled for Tuesday with banker Daniel Vorcaro, controller of Banco Master, who is preventively detained in Brasília. The decision comes amid investigations into financial frauds and mentions of STF ministers in data from Vorcaro's cell phone. Minister André Mendonça authorized unrecorded lawyer visits to the detainee.
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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.
Fux cites Banco Master in defense of Rio politicians
April 09, 2026 16:37Banco Master paid R$ 27.2 million to Metrópoles during BRB negotiations
April 08, 2026 23:05Banco Master transferred R$1.1 million to firm of Lula's ex-minister's father
April 06, 2026 08:35Central Bank imposes eight-year secrecy on Banco Master liquidation documents
April 02, 2026 23:19Lawyers call Barci de Moraes firm's air taxi use unusual and costly
March 19, 2026 05:54Vorcaro signs confidentiality term for plea bargain and is transferred to PF
March 16, 2026 03:24INSS CPMI suspects hidden cameras in secure room after Mendonça suspends access to Vorcaro's confidential documents
March 12, 2026 03:13Toffoli declares himself suspect in Vorcaro's imprisonment judgment
March 11, 2026 10:11Congress leaders to decide soon on Banco Master CPI requests
March 10, 2026 23:50Fachin and Barroso address STF crisis amid Banco Master scandal