Brazil’s Toffoli Extends Banco Master Investigation by 60 Days Following Police Request

STF Extends Inquiry into Banco Master Irregularities

Brazil’s Supreme Federal Court (STF) has granted a 60-day extension to the investigation into alleged irregularities at Banco Master, a financial institution liquidated by the Central Bank in november 2025. The decision, made by Justice Edson Fachin, aims to allow federal police sufficient time to complete thier inquiries.

Background of the Banco Master Case

The investigation, overseen by Justice Fachin, centers on a suspected scheme of irregularities within Banco Master.The Central Bank of Brazil ordered the bank’s liquidation following the identification of severe solvency issues and indications of improper management practices. Banco Central do Brasil

Scope of the investigation

Federal investigators are examining the roles of Banco Master’s executives, investors, and related businesspeople. The probe focuses on potential financial crimes, including fraudulent management, money laundering, and embezzlement of funds. The complexity of the case, the large volume of documents seized, and the need for in-depth technical analysis prompted the request for an extended investigation period.

Recent Police Operations

On Wednesday, January 15, 2026, the Federal Police launched the second phase of the operation related to the Banco Master case. Search and seizure warrants were executed at locations linked to Daniel Vorcaro, the controlling shareholder and owner of Banco Master. A temporary arrest warrant was also issued for Fabiano Campos Zettel, Vorcaro’s nephew and an individual identified as a key target in this phase of the investigation. Polícia Federal

Additionally, authorities conducted a personal search of businessman Nelson Tanure, who has commercial and corporate ties to the individuals under investigation. These actions were undertaken to gather further evidence and trace suspicious financial transactions.

Impact of the Extension

With the STF’s approval, the Federal police now have an additional two months to finalize reports, analyse the collected evidence, and potentially propose further investigative measures. This extension is crucial before the investigation is concluded or submitted to the Public Prosecutor’s Office for potential prosecution.

Key Takeaways

• The STF has extended the investigation into Banco Master for another 60 days.
• The investigation focuses on allegations of financial crimes, including fraud and money laundering.
• Recent police operations targeted key figures associated with the bank, including Daniel Vorcaro and Fabiano Campos Zettel.
• The extension aims to allow for a thorough analysis of evidence and potential prosecution.