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Brazil·Elections

Brazil senator and Lula ally targeted in widening Banco Master corruption probe

Friday, 19 June 2026, 06:18 · 1 min read

Brazilian federal police executed 18 search-and-seizure warrants across Brasília, Bahia, and São Paulo on Thursday as part of an expanding investigation into fraud tied to Banco Master, a defunct Brazilian lender whose owner, Daniel Vorcaro, was arrested in March on charges of fraud and money laundering. Among those targeted was Senator Jaques Wagner, 75, a senior figure in President Luiz Inácio Lula da Silva's governing Workers' Party coalition, whom Brazil's Supreme Court suspects of receiving illicit benefits — including private jet access, cash payments, and an apartment — in exchange for lobbying on the bank's behalf. The scandal has broad political implications ahead of Brazil's October presidential election, as it has now touched both the left-wing ruling party and the right-wing opposition, with Senator Flávio Bolsonaro also facing scrutiny over alleged communications with Vorcaro.

Sources
Al Jazeera EnglishBrazil executes warrant against Lula ally in widening financial scandal ↗︎
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