Federal Police Raid Targets Senator Ciro Nogueira in Banco Master Corruption Probe

Overview

• The investigation’s fifth phase on Thursday reached the political core of the case, with searches at Ciro Nogueira’s addresses under orders from Supreme Court Justice André Mendonça and a freeze of R$ 18.85 million in assets.
• Police say Nogueira was the central recipient of illicit payments from banker Daniel Vorcaro, with monthly transfers that rose from R$ 300,000 to R$ 500,000 routed through companies BRGD and CNLF tied to the senator’s circle.
• Investigators cite a bank‑drafted amendment that the senator filed to raise Brazil’s deposit insurance cap (FGC) from R$ 250,000 to R$ 1 million, a change the Banco Master team internally said would turbocharge its bond sales.
• Evidence described in court includes a cut‑rate purchase of 30% of Green Investimentos for R$ 1 million despite an estimated R$ 13 million value, luxury hotel stays and restaurant tabs, private flights, and use of a high‑end property, and agents seized a BMW, a motorcycle, and cash bags at his Brasília home.
• Police temporarily detained Felipe Cançado Vorcaro and barred the senator from contacting other targets after the prosecutor general warned he could obstruct the case, and a separate track is reviewing Daniel Vorcaro’s plea proposal that officials signal would require repaying diverted funds.