In a statement given to the PF (Federal Police) on December 30, 2025, banker Daniel Vorcaro, owner of Banco Master, criticized the actions of the BC (Central Bank), claimed to have been the target of “scrutiny” by the authority and assessed that the market was harmed by the liquidation of the financial institution.
Asked about keeping assets and/or bank accounts abroad, Vorcaro said he was “one of the most scrutinized people in Brazil” before the Central Bank decreed the liquidation of Master, last November.
“I have all my assets declared, huge taxes paid over time, because there was already this scrutiny by the Central Bank, which has been monitoring not only the bank, but also my life for some years now”, declared the banker.
Urged to assess whether the BC acted with the necessary speed between the detection of irregularities in the bank and its liquidation, Vorcaro stated that the end of Master’s operations was harmful not only to him, but to the financial market.
“I don’t believe that [o BC] acted [com a celeridade necessária]. I believe that the action of the Central Bank, on the 17th [de novembro de 2025]it harmed not only me, but mainly the financial market, the financial system, and since there was a market solution for the bank, which until then, as I said, was solvent, and from then on it would be even more solid with the entry of investors, that is, in the usual model it should have analyzed, obviously, investigating this issue of portfolios, but not providing and executing not only an operation and a liquidation of the bank, generating this loss that could have been avoided”, Vorcaro reported to the PF.
Still according to the banker, “people” within the BC “wanted a market solution”, at the same time that other departments within the authority “wanted what happened to happen” — that is, the liquidation of the Master.
Read Vorcaro’s full statement to the PF
