Vorcaro further alleged that he made clandestine payments of approximately R$ 30 million for a documentary about Lula, while noting that similar sponsorship for a film on Jair Bolsonaro was legitimate. He also claimed that pension funds for Banco do Brasil, Caixa, and Correios raised their investment limits for high-risk Master assets from 5% to 10% in exchange for 10% kickbacks. While the Prosecutor General's Office confirmed it received cooperation proposals, the Federal Police denied that Vorcaro provided testimony confirming cash transfers to the Lula Institute.
Tuesday, October 20, 2026
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Presidency Logs Confirm Banker Vorcaro's Meetings With Scheme Operator
World7 days ago
Official logs from the Brazilian executive branch show that former banker Daniel Vorcaro gained access to the Planalto Palace for meetings with a government operative. These records, first reported by VEJA, provide evidence for ongoing investigations into a corruption network that allegedly bribed officials to grant Banco Master access to state-managed pension funds in the administration of President Luiz Inácio Lula da Silva.
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