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2mo ago

STF-Authorized Raids in Master Bank Case Freeze R$5.7 Billion and Target Fund Links

Judicial oversight tightened by Justice Toffoli, who faulted PF delays, with all seized material to be held under seal at the Supreme Court.

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Overview

  • Police executed 42 search warrants across São Paulo, Bahia, Minas Gerais, Rio Grande do Sul and Rio de Janeiro, including addresses on Avenida Faria Lima tied to investment managers.
  • Agents searched locations linked to Banco Master’s Daniel Vorcaro and relatives, seized his phone, and briefly detained his brother-in-law Fabiano Zettel at Guarulhos as he prepared to fly to Dubai.
  • Businessman Nelson Tanure was approached at Rio’s Galeão airport and had his phone seized, while ex-Reag executive João Carlos Mansur was also targeted in measures focusing on Master’s ties to Reag-run funds.
  • The PF reported suspected new illicit acts and confiscated R$97,000 in cash, luxury goods, vehicles and a firearm, as asset blocks and seizures surpassed R$5.7 billion.
  • Toffoli criticized alleged PF inaction and set a deadline for explanations as PF investigators disputed the claim, and BC president Gabriel Galípolo scheduled a meeting with PF director-general Andrei Rodrigues.