Toffoli Publishes Master Case Depositions, CPMI Sets Vorcaro Hearing

Overview

• STF minister Dias Toffoli lifted secrecy on the December 30 depositions and a face-off in the Banco Master probe, kept other evidence sealed, and signaled a forum decision only after further analysis.
• Videos show Daniel Vorcaro and ex‑BRB president Paulo Henrique Costa giving conflicting explanations for the origin of portfolios sold to BRB, with police citing about R$ 12.2 billion in disputed purchases.
• BC supervision chief Ailton de Aquino testified that inspectors found no transfers to final borrowers, indicating manufactured credit notes and lapses that BRB’s governance should have detected.
• The INSS CPMI scheduled February 5 testimonies with Vorcaro and BMG’s president to examine irregular payroll‑loan operations after more than 250,000 contracts were suspended for lack of proof.
• Political and institutional ripples grew as Vorcaro acknowledged meetings with DF governor Ibaneis Rocha, a senator sought details on an unlisted 2024 presidential meeting, and the PGR received a PF inquest on an alleged influence campaign linked to the case.