BRAZIL · COURTS
Brazil’s police were asked to write down what the case files say about Supreme Court justices, and now their bosses have ordered the reports rewritten. On Monday 9 November 2026, the leadership of the Federal Police, Brazil’s national investigative agency, ordered three reports on Supreme Court justices to be redone.
The reports concern the Banco Master case, a major bank-fraud case. They matter because the court that rules on Brazilian disputes is itself being described in police files.
Key Facts
- Who The Federal Police, Brazil’s national detective agency, must redo three reports on three Supreme Court justices.
- What Leadership ordered the redo on Monday 9 November; new versions must be purely descriptive, one per justice mentioned.
- Why The case involves Banco Master, a failed private bank, and its former owner Daniel Vorcaro, who is in pre-trial detention.
- When Reworked reports are due at the Supreme Federal Court by the end of November; exact day not announced.
- Next Justice Minister says he will attend a Senate session on Wednesday 18 November, about 2 p.m. Brasília time.
- Prediction markets Polymarket gives Justice Alexandre de Moraes a 4.9% chance of leaving the Supreme Court by 31 December 2026 (14 November, 6:05 a.m. ET).
- Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 74.2 points (November 2026 edition).
The Court Asked Police to Check Mentions
Banco Master is a private Brazilian bank now in liquidation, and its former owner, Daniel Vorcaro, is in pre-trial detention in the bank-fraud case. Messages and files in the case mention several justices of the Supreme Federal Court (STF), Brazil’s top court.
In October 2026, STF president Edson Fachin asked the Federal Police (PF) for reports on those mentions. The PF then assigned investigators to the task.
Investigators then wrote three reports, on Justices Alexandre de Moraes, Dias Toffoli and Kassio Nunes Marques. What the reports say about each justice has not been made public.
Police Leadership Said the Reports Went Too Far
On Monday 9 November, the PF leadership ordered all three reports redone. According to reporting that cites unnamed sources, the leadership judged that they went beyond the agreed limits, with analysis and cross-referencing that could be read as investigating justices without court authorisation.
The new format is strictly descriptive, with no conclusive analysis and no imputation of irregularities to any justice. There will be one separate document for every justice mentioned in the Vorcaro material, not only the three.
Further police steps involving justices will need a court order. The reworked reports are due at the STF by the end of November, and the court then decides on any next steps.
Daniel Mostardeiro Cola, general coordinator for combating corruption, financial crimes and money laundering, and his substitute Wedson Cajé Lopes lost their management posts in early November. Both were among those responsible for the Moraes report.
The PF said management roles are separate from the daily conduct of investigations. That is the leadership’s own account of the changes.
Why It Matters
For US readers the main effect is on confidence that Brazil’s courts and police can handle a major bank-fraud case independently; we found no direct effect on US-listed companies. A descriptive-only report leaves the justices facing a narrower document, while police investigators lose room to draw conclusions.
We could not confirm a figure that measures the stakes, so none is given here. Polymarket’s price on Justice Moraes leaving the court is shown below.
The Police View and the Court Context
The PF leadership says it is acting on limits agreed with the court, and that its management changes are separate from how investigations are run. The justices’ own position is not on the record in the material we hold.
Reports that some justices are unhappy with the police reports could not be confirmed and are left out. We will add them if a justice or the court says so on the record.
Two Dates to Watch
On Wednesday 11 November, the Senate’s Public Security committee approved invitations to Andrei Rodrigues, the PF director-general, Justice Minister Wellington César Lima e Silva, the two removed officers and the head of the ADPF, the national association of police delegados (senior investigators). The justice minister has said he will attend a session on Wednesday 18 November at about 2 p.m. Brasília time (noon ET), according to the Senate’s news service.
A joint hearing with the Senate’s Constitution and Justice committee is expected but not confirmed. The reworked reports are due at the STF by the end of November, and the exact day is not confirmed.
What It Means for You
If you follow Brazilian assets, the main effect is on trust in how police and courts handle a major bank failure. No figures from the three reports are public, so their content cannot yet be weighed.
The justices, the police delegates and the Banco Master investigators are the people most directly affected today. Anyone who lost money in the bank’s failure has a stake in how credible the inquiry looks.
What Is Not Known
What the reports say about each justice is not public, and the exact delivery date to the STF has not been announced. It is not confirmed whether the Prosecutor-General’s Office, Brazil’s top federal prosecutor, will receive them.
It is also unknown whether any justice will step aside. No justice has commented on the record in the material we hold.
What Prediction Markets Say
Polymarket, a prediction market where traders bet real money, prices Justice Alexandre de Moraes leaving Brazil’s Supreme Federal Court by 31 December 2026 at 4.9%, with US$267,938 traded in total (14 November, 6:05 a.m. ET). That price is a bet, not a poll, and it does not show that traders expect any ruling on the police reports.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
Frequently Asked Questions
What is the Banco Master case?
Banco Master is a private Brazilian bank now in liquidation, and its former owner Daniel Vorcaro is in pre-trial detention in the bank-fraud case. Messages and files in the case mention several Supreme Court justices.
Why were the police reports ordered redone?
On Monday 9 November the Federal Police leadership ordered them redone, according to reporting that cites unnamed sources, because they went beyond the agreed limits. The new versions must be strictly descriptive, with one document per justice mentioned.
Are the justices accused of any crime?
No justice has been accused of a crime in the material we hold. As the police leadership describes the reports, they attribute no crime to any justice.
What happens next?
The Senate’s Public Security committee has invited the PF director-general and the justice minister, who has said he will attend a session on Wednesday 18 November at about 2 p.m. Brasília time (noon ET). The reworked reports are due at the Supreme Court by the end of November.
Sources: Federal Police (PF), note on the leadership changes, 9 November 2026; Supreme Federal Court (STF), president Edson Fachin, request to the Federal Police, October 2026; Agência Senado, the Brazilian Senate’s news service, on the committee invitations, 11 November 2026.
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This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
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