Brazil CNJ cancels R$4.7B in precatory debts linked to Master scandal

Brazil's National Justice Council (CNJ) canceled R$4.73 billion in precatory debts (court-ordered government payments) from sugar cane mills and ordered funds returned to the Treasury. The debts were linked to defunct Banco Master, whose former banker Daniel Vorcaro allegedly acquired them irregularly before execution processes concluded. This is a major judicial corruption crackdown, with potential fiscal and political implications.