Toffoli Keeps Central Bank Supervisor in Banco Master Confrontation Set for Dec. 30

Overview

• The STF minister rejected the Central Bank’s bid to alter the proceeding and confirmed that director Ailton de Aquino Santos will attend even though neither he nor the institution is under investigation.
• The confrontation will be police‑conducted, held under confidentiality during the court recess, and focused on reconciling testimonies with documents already gathered.
• Participants will include Master owner Daniel Vorcaro and former BRB chief Paulo Henrique Costa, with questions expected on the vetoed Master‑BRB deal and the timeline of supervisory actions.
• Prosecutor‑General Paulo Gonet sought to suspend the session as premature, a request Toffoli denied after citing potential systemic financial impact as grounds for urgency.
• The case moved to the STF after a federal deputy was cited in the probe into alleged fraudulent credit operations tied to Banco Master, which was liquidated in November with suspected losses reported at about R$12 billion in some accounts and up to R$17 billion in others.