STF-Authorized Raids Expand Banco Master Probe, Freeze R$5.7 Billion

Overview

• Federal police launched the second phase of Operation Compliance Zero with 42 search-and-seizure warrants approved by Justice Dias Toffoli.
• Investigators seized Nelson Tanure’s cellphone after locating him at Rio’s Galeão airport as he prepared to board a domestic flight.
• The order also targeted banker Daniel Vorcaro, and Justice Toffoli decreed the temporary arrest of Vorcaro’s brother-in-law, Fabiano Zettel.
• Authorities are probing suspected organized crime, fraudulent management, market manipulation and money laundering linked to alleged fictitious credits.
• Police estimate related frauds could reach R$12 billion, while the first phase in November led to seven arrests including Vorcaro, and Tanure’s lawyers say he has no ownership ties to Banco Master.