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Brazil’s Supreme Court Orders Urgent 30-Day PF Actions in Banco Master Fraud Probe

Depositions will occur under judicial oversight to safeguard Brazil’s financial system.

Overview

  • The Federal Police have 30 days to question Banco Master executives and take testimony from Central Bank officials.
  • The order authorizes immediate, individualized requests to lift phone, telematic, fiscal or correspondence secrecy with specific justification.
  • Hearings may be held at the STF or by videoconference, will be recorded, and will be accompanied by the minister’s auxiliary judges, with the prosecutor general to designate an observer.
  • The investigation resumes at the Supreme Court after lower-court measures paused when the case was sent to the STF following a reference to federal deputy João Carlos Bacelar.
  • Authorities are probing a suspected R$12.2 billion scheme involving alleged fabricated securities to justify BRB transfers, and the PF director-general said the move to the STF caused no investigative delay.