LatinNews Daily - 15 January 2026

*Brazil’s federal police (PF) has carried out more raids in relation to its investigation into the collapsed bank Banco Master. The Banco Master case, which Brazil’s Finance Minister Fernando Haddad described earlier this week as the country’s biggest banking fraud, emerged in November, when the bank was liquidated and its CEO Daniel Vorcaro was temporarily detained in November. He is under investigation for fraud. Yesterday the PF served 42 search warrants and seized or blocked assets worth over R$5.7bn (US$1.05bn). Media reports have revealed that the PF raids yesterday took place in the properties linked to Vorcaro’s family as well as other prominent figures in Brazil’s financial sector, including João Carlos Mansur, the founder of Brazilian asset management firm Reag Investimentos.

End of preview - This article contains approximately 126 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial