PF Confronts Vorcaro and Ex-BRB Chief at STF After Conflicting Testimony in Banco Master Probe

Overview

• The Polícia Federal conducted a half-hour acareação between Daniel Vorcaro and former BRB president Paulo Henrique Costa at the Supreme Court on December 30.
• The confrontation followed hours of individual depositions in which investigators noted divergences, though both defenses later described them as merely “distinct perceptions.”
• Banco Central supervision director Ailton de Aquino gave detailed testimony deemed valuable and was excused from the face-off; he is not under investigation.
• Minister Dias Toffoli, who centralized the case at the STF, initially set a confrontation before depositions but then allowed the PF to decide after objections from the PGR and questions from the BC.
• The inquiry examines alleged unsupported credit portfolios sold to BRB with an estimated exposure of about R$12.2 billion, after the BC vetoed the BRB deal in September and liquidated Banco Master on November 18.