Toffoli Rejects Central Bank Appeal, Keeps BC Director in Dec. 30 Master Case Confrontation

Overview

• The Supreme Court relator maintained a face-to-face confrontation for Dec. 30 between Banco Master’s Daniel Vorcaro, former BRB chief Paulo Henrique Costa, and BC supervision director Ailton de Aquino.
• Toffoli clarified that neither the Central Bank nor Aquino is under investigation, calling the regulator’s technical input crucial because the case concerns deals under its scrutiny.
• The Central Bank’s filing sought to clarify Aquino’s status and the urgency during the court recess, but Toffoli denied the request and said the urgency stems from possible impacts on the financial system.
• Prosecutor General Paulo Gonet had asked to suspend the session as premature, arguing parties had not given individual statements, a request the minister also rejected.
• The proceeding will be organized by a judge from Toffoli’s office, conducted by police, and kept under seal, as industry groups issued statements defending the BC’s autonomy after its veto of the BRB–Master deal and the bank’s liquidation tied to suspected operations of about R$12 billion.