Police target communications executive in widening Banco Master probe

Supreme Court Justice Andre Mendonca authorized the seizure of electronic devices and documents from properties linked to Miranda following evidence that he orchestrated a campaign to discredit the central bank. Investigators allege the executive employed a network of influencers to protect the lender’s reputation while launching aggressive attacks on regulators.

The scope of the operation extends to potential criminal activity targeting major industry figures. Evidence reviewed by the court suggests Miranda compiled dossiers on private individuals, including Itau Unibanco CEO Milton Maluhy Filho. Previously considered a witness who provided testimony regarding the conduct of Banco Master owner Daniel Vorcaro, Miranda is now viewed as an active participant in efforts to intimidate journalists and monitor targets unlawfully. Vorcaro remains in custody after the central bank shuttered his institution last year following a severe liquidity crisis.