Senate Pushes for Full Access to Banco Master Fraud Investigation
Brazil’s Senate Economic Affairs Committee seeks parliamentary access to the R$ 17 billion Banco Master fraud probe, advocating for transparency and calling for testimonies from key figures.
- • Senate Economic Affairs Committee demands full access to Banco Master fraud investigation files.
- • Senator Renan Calheiros advocates summoning banker Daniel Vorcaro for testimony.
- • Investigation is under Supreme Court Minister Dias Toffoli's oversight following Operation Compliance Zero by Federal Police.
- • Potential fraud amount estimated at R$ 17 billion in connection with Banco Master.
- • Senate aims to support Federal Police efforts and ensure accountability in the financial sector.
Key details
The Senate Economic Affairs Committee (CAE) is intensifying its efforts to obtain unrestricted access to the ongoing investigation into potential R$ 17 billion fraud at Banco Master, which was liquidated by Brazil’s Central Bank last year. On February 12, 2026, CAE President Senator Renan Calheiros met with Supreme Federal Court President Edson Fachin to press for transparency and parliamentary oversight over the judicial inquiry currently overseen by Minister Dias Toffoli. Calheiros stressed the committee’s legal mandate to oversee the financial system and hold perpetrators accountable. He proposed summoning banker Daniel Vorcaro, Banco Master’s owner, for testimony to advance the investigation’s legislative scrutiny. Calheiros also plans to engage further with the Attorney General and other Supreme Court ministers to ensure access to the sensitive investigation files. This inquiry follows Operation Compliance Zero launched by the Federal Police in November 2025, which targets fraudulent credit issuance by Banco Master, including an attempt to illicitly sell the bank to Banco de Brasília (BRB). Senator Calheiros emphasized the Senate’s role in strengthening the Federal Police’s investigation by securing any investigative documents and fostering transparency throughout the process.
This article was translated and synthesized from Brazilian sources, providing English-speaking readers with local perspectives.
