Bank Master (Banco Master) logo is displayed at its building, following the arrest of the controlling shareholder of lender Banco Master, businessman Daniel Vorcaro, in Sao Paulo, Brazil, November 18, 2025. REUTERS
RIO DE JANEIRO, March 4 (Reuters) – Brazilian businessman Daniel Vorcaro, the owner of lender Banco Master, was detained by federal police on Wednesday in a new phase of an investigation into the bank, a person familiar with the matter said.
Vorcaro had previously been arrested in November as part of a probe into alleged issuance of fraudulent credit securities by the institution, but was later released and ordered to wear an electronic ankle monitor.
Brazil’s federal police said in a statement they had launched raids on Wednesday “investigating the possible crimes of threats, corruption, money laundering and invasion of computer systems carried out by a criminal organization.”
They did not name Vorcaro, whose lawyers did not immediately respond to a request for comment.
Reporting by Rodrigo Viga Gaier; Writing by Gabriel Araujo Editing by Tomasz Janowski
