In testimony to the PF, the businessman also denied that the sale of the bank to BRB had any political facilitation
The president of Banco Master, Daniel Vorcaro, told the Federal Police that there was no political facilitation for the sale of the bank to BRB and denied having several political connections. The hearing was held on November 30, 2025. Young Pan had access to the statement to the delegate responsible for the investigation.
According to him, if “I had asked for help from these politicians, I wouldn’t have been denied the BRB operation, I wouldn’t be here wearing an ankle bracelet, I wouldn’t have been arrested and I would be with my family suffering what we are suffering.”
Asked if the sale of Master to BRB had any political facilitation, Vorcaro also denied it.
“There was no political facilitation. I had it with the governor [do Distrito Federal, Ibaneis Rocha]yes, sometimes, because he was an indirect controller, but there was no type of issue dealt with, in this case the BRB, that was not technical. Maybe, in Brazil, if it hadn’t been like that, I wouldn’t have been here and it would have worked out. I think the conclusion of this deal is the greatest proof of this, as was the outcome”, he continued.
Vorcaro also stated that he did not expect to be arrested. When asked if he had a feeling there was a warrant for his arrest, the banker replied: “No way. Not in my worst nightmares did I think I could.”
Understand the case of Banco Master
Banco Master was liquidated on November 18, 2025 by the Central Bank, after identifying a serious liquidity crisis and signs of financial irregularities.
The decision, considered extreme, turned the episode into one of the most complex and most debated cases in the Brazilian financial system, involving investigations by the Federal Police, institutional clashes between bodies such as the Federal Audit Court (TCU) and the Federal Supreme Court (STF), in addition to the expectations of more than 1.6 million customers who are waiting for their investments to be reimbursed by the Credit Guarantee Fund (FGC).
Will Bank
The BC decreed this Wednesday (21) the extrajudicial liquidation of the company Will Financeira, the digital arm of Banco Master.
In a note, the BC stated that the extrajudicial liquidation of Will Financeira had become “inevitable, due to the compromise of its economic and financial situation, its insolvency and the link of interest evidenced by the exercise of control power over Banco Master SA, already under extrajudicial liquidation”.
