Federal police execute search warrants against prominent businessmen in Banco Master fraud investigation

Brazilian authorities executed 42 warrants on Wednesday targeting Daniel Vorcaro and Nelson Tanure. The operation follows a massive fraud investigation.

Insights:
On January 14, 2026, the federal police in Brazil BRBRexecuted 42 search and seizure warrants authorized by the Supreme Court as part of a second-phase investigation into alleged fraud at Banco Master. The operation targeted several high-profile individuals, including businessmen Daniel Vorcaro daniel vorcaroand Nelson Tanure nelson tanure, following a major escalation in a case that has drawn intense national scrutiny.
A security guard stands outside Banco Master following the arrest of the bank's controlling shareholder, businessman Daniel Vorcaro, in Sao Paulo, Brazil, November 18, 2025. REUTERS/ Amanda Perobelli
A security guard stands outside Banco Master following the arrest of the bank's controlling shareholder, businessman Daniel Vorcaro, in Sao Paulo, Brazil, November 18, 2025. REUTERS/ Amanda Perobelli
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