Minister will replace Dias Toffoli, who declared himself a suspect regarding the accusations regarding his involvement in Banco Master
Minister Cristiano Zanin takes over as rapporteur for Banco Master’s CPI after Dias Toffoli declared himself a suspect regarding the accusations regarding his involvement in Banco Master. Toffoli had been chosen this Wednesday (11) to be the one calling for the installation of a Parliamentary Commission of Inquiry (CPI) to investigate the relationship between Banco Master and BRB (Banco Regional de Brasília). The choice was made through a virtual draw.
However, at the end of the afternoon, he was the rapporteur. “In accordance with the provisions of article 145, § 1, of the Code of Civil Procedure, I declare my suspicion for intimate reasons”, said the minister. “I order the Judiciary Secretariat to forward the case to the Presidency of this Supreme Court for the adoption of the measures it deems pertinent,” he added.
Toffoli, who left the Banco Master rapporteur, is accused of involvement with Daniel Vorcaro, owner of Banco Master. The PF . For this reason, the entity asked the president of the STF to raise suspicions against the minister. In other words, that the magistrate was declared a “suspect” to act in the process. However, this request can only be made by the Attorney General of the Republic, Paulo Gonet.
Master Case
After identifying signs of financial irregularities and the serious liquidity crisis, the Central Bank determined, in November 2025, the extrajudicial liquidation of Banco Master S/A, Banco Master de Investimentos S/A, Banco Letsbank S/A and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários.
On January 21, Will Bank, the digital arm of the Vorcaro conglomerate, .
According to investigations, Banco Master offered Bank Deposit Certificates (CDB) with profitability well above the market. To sustain the practice, the financial institution began to take excessive risks and structure operations that artificially inflated its financial balance, while liquidity deteriorated.
The episodes of settled on January 15, are the most serious in the Brazilian financial system. The cases involve, in addition to fraud, tensions between the STF and the Federal Audit Court (TCU), as well as with the Central Bank and the PF.
