Master Bank fraud probe expands into political scandal, STF rift

The Master Bank case, initiated in November 2025 with Central Bank liquidation and owner Daniel Vorcaro's arrest, has evolved from a billion-dollar fraud investigation into a political scandal affecting the political class in an election year. Seized phone data reveals conversations implicating politicians, and an open conflict has emerged between Supreme Federal Court (STF) ministers over the case. The investigation's trajectory suggests significant political and judicial ramifications, though the full scope of political involvement remains unclear.