Brazilian police raid Senator Jaques Wagner in Banco Master probe

While authorities stopped short of naming specific suspects in their official statement, the investigation focuses on the alleged involvement of a public official in systemic financial misconduct. The probe into Banco Master, which suffered liquidation last November following a severe liquidity crisis, has already resulted in the arrest of the lender’s owner, Daniel Vorcaro.

Finance Minister Dario Durigan expressed confidence in Wagner’s integrity during a Thursday interview, voicing an expectation that the senator will provide necessary clarifications to law enforcement. This legal development arrives at a delicate moment for the administration, as the government prepares for the upcoming October general election. Wagner’s team has not yet provided comment regarding the search.