Proposal to increase the fund’s coverage limit to R$1 million was delivered by the bank’s advisors in an envelope
The investigations of the point out that the senator (PP-PI) received from Banco Master’s advisors the text of the amendment it presented to the PEC (Proposed Amendment to the Constitution) of the Central Bank’s financial autonomy.
The measure aimed to increase the coverage limit of the FGC (Credit Guarantee Fund) from R$250 thousand to R$1 million, which could benefit the bank . According to investigations, the senator received the text in an envelope written “Ciro”.
The PF points out that “the proposal presented to the Senate fully reproduced the version sent by the bank” and thatafter the senator published the amendment, Vorcaro stated that “It came out exactly as I ordered”.
“There is also news of circulation, from his residence [de Ciro Nogueira]of drafts of other legislative projects of interest to the individual, subsequently sent to the parliamentary office”affirms the PF.
The Federal Police This Thursday (May 7, 2026) the 5th phase of the Compliance Zero operation. The senator was the target of search and seizure. Read the of the decision (PDF – 298 kB).
This Thursday (May 7, 2026), federal police officers carried out 10 search and seizure warrants and 1 temporary arrest warrant in the States of Piauí, São Paulo and Minas Gerais and in the Federal District. The target of the arrest is Felipe Cançado Vorcaro, Vorcaro’s cousin. The PF also searches addresses linked to Ciro Nogueira in Brasília and Piauí.
According to the PF, the objective is “deepen investigations into a scheme of corruption, money laundering, criminal organization and crimes against the National Financial System”. The court decision authorized the blocking of assets, rights and values totaling R$18.85 million.
O Poder360 He approached Senator Ciro Nogueira to ask if he would like to comment on the Federal Police investigation. There was no response until the publication of this report. The text will be updated if a statement is sent to this digital newspaper.
