The investigation is expanding on earlier revelations that Vorcaro paid R$ 30 million in clandestine funds for a documentary about Lula and bribed officials to raise investment limits for high-risk assets in state pension funds from 5% to 10% in exchange for 10% kickbacks. While presidency logs confirm Vorcaro met with government operatives at the Planalto Palace, the Federal Police and the Prosecutor General's Office have reported discrepancies over whether Vorcaro provided evidence of cash transfers to the Lula Institute.
Tuesday, October 20, 2026
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Banker Vorcaro Paid DCM to Silence Banco Master Critics
World5 days ago
The Brazilian Federal Police discovered that payments were made by former banker Daniel Vorcaro to the media outlet DCM to ensure the organization stopped publishing criticism of Banco Master. Vorcaro is quoted as stating he believed the bank had "bought" the news site as part of a broader corruption probe into the administration of President Luiz Inácio Lula da Silva, which has also seen allegations that Health Minister Padilha solicited bribes for pension fund access.
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