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December 28, 2025
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Toffoli maintains participation as BC director in Master’s challenge

Toffoli maintains participation as BC director in Master’s challenge

The minister Dias Toffoli, of the Federal Supreme Court (STF), decided this Saturday (27) to maintain the participation of the director of inspection of the Central Bank, Ailton de Aquino Santos, in the confrontation involving the investigation into fraud at Banco Master.Toffoli maintains participation as BC director in Master’s challenge

THE hearing is scheduled for next Tuesday (30)in the Supreme Court, when also banker Daniel Vorcaro, one of the bank’s partners, and the former president of Banco de Brasília (BRB), Paulo Henrique Costa, will be questioned.

The minister’s decision was motivated by an appeal presented by the BC to question the director’s participation in the confrontation.

Toffoli clarified that the director is not investigated nor is the BC. However, Ailton’s participation is of “special relevance” to clarify the facts.

“The object of the investigation is limited to the investigation of the negotiations that surrounded the securities session between financial institutions — under the scrutiny of the monetary authority in accordance with the legal provision —, the action of the national regulatory authority and its participation in the testimonies and confrontations between those investigated is salutary”, explained the minister.

Investigation

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

In November, 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 de Brasília (BRB), a public institution 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 also 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.

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