Central Bank Seeks Clarification on Toffoli’s Recess Confrontation in Banco Master Case

Overview

• Minister Dias Toffoli set Dec. 30 interrogations during the judicial recess and plans to confront Daniel Vorcaro, ex-BRB chief Paulo Henrique Costa and BC director Ailton de Aquino after taking separate depositions.
• The Central Bank, which liquidated Banco Master over suspected R$12 billion in fraudulent operations, filed embargos asking in what capacity its director will appear and whether counsel and institutional support are allowed.
• The filing also questions what contradictions justify a confrontation and why the hearing is urgent before any formal testimony.
• Prosecutor General Paulo Gonet sought to suspend the session as premature, but Toffoli kept the proceeding on the calendar under strict secrecy centralized at the STF.
• Banking and fintech associations issued a joint note defending the BC’s technical independence, while opposition senators pressed for oversight, including a request to suspend the recess to consider a CPI over alleged conflicts involving Alexandre de Moraes.