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December 16, 2025
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Toffoli authorizes PF steps in investigation into Banco Master

PF and CGU investigate diversion of resources from the Sports Incentive Law

Minister Dias Toffoli, of the Federal Supreme Court (STF), decided this Monday (15) to determine new steps involving the investigation that reached the banker Daniel Vorcaro, one of the partners of Banco Master.Toffoli authorizes PF steps in investigation into Banco Master

The minister gave 30 days for the Federal Police (PF) to carry out statements from those being investigated and the Central Bank authorities who carried out the investigations.

The PF may also request information from the bodies involved in the investigation and new requests to breach telephone confidentiality.

Earlier this month, Toffoli decided that the investigation on Banco Master should be progressed in the STF, and no longer in the Federal Court in Brasília. The measure was taken following the summons of a federal deputy in the investigations. Parliamentarians have a privileged forum in the Court.

In November this year, Vorcaro and other defendants were the target of Operation Compliance Zero, launched by the Federal Police (PF) to investigate the granting of false credits by Banco Master, including the attempted purchase of the financial institution by Banco Regional de Brasília (BRB), a public bank linked to the government of the Federal District. According to investigations, fraud could reach R$17 billion.

In addition to Vorcaro, former directors Luiz Antonio Bull, Alberto Feliz de Oliveira and Angelo Antonio Ribeiro da Silva are being investigated, as well as Augusto Ferreira Lima, a former partner at the bank.

After his arrest, Daniel Vorcaro’s lawyers denied that the banker tried to flee the country and maintained that he always made himself available to contribute to the investigation of the facts.

BRB informed that it will hire an external audit to investigate the facts. The bank also says it will investigate possible governance or internal control failures.

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