Brazil's Federal Police are expanding their investigation into the Banco Master fraud case to include the business dealings of owner Daniel Vorcaro with Cemig Sim.
The move extends the scope of the probe beyond the bank's internal operations to Vorcaro's broader commercial network, signaling a deepening of the legal pressure on the former banker.
Authorities previously reported that Vorcaro allegedly offered payments of up to R$2 million to digital influencers to launch coordinated attacks against Brazil's central bank on social media platforms.
The investigation into Vorcaro has already uncovered allegations of significant market manipulation.
Authorities previously reported that Vorcaro allegedly offered payments of up to R$2 million to digital influencers to launch coordinated attacks against Brazil's central bank on social media platforms.
The inclusion of Cemig Sim in the probe suggests investigators are tracing the flow of funds and influence across Vorcaro's various business interests.
This development adds another layer to a complex case that has drawn significant attention in Brazil.