Senate President Davi Alcolumbre (UNIÃO-AP) said on Tuesday that requests to investigate Banco Master are intended as a political platform for elections [1].
Alcolumbre's resistance to a new inquiry signals a tension between legislative oversight and the existing efforts of federal regulatory bodies. By blocking a parliamentary commission, the Senate leadership is prioritizing the work of judicial and financial authorities over the visibility provided by a televised legislative probe.
Speaking during a session at the National Congress in Brasília on June 2, 2026 [1], Alcolumbre said he addressed the pressure to create either a Parliamentary Inquiry Committee (CPI) or a Joint Parliamentary Inquiry Committee (CPMI) [1, 2]. He said such a move is unnecessary because several institutions are already investigating the bank [1].
According to the Senate president, the Federal Police, the Federal Public Ministry, the judiciary, the Central Bank, and the CVM are already conducting probes into the case [1]. He said the push for a legislative committee is not driven by a need for new evidence but by political ambition.
"The pressure for a CPMI of Banco Master is nothing more than an electoral platform," Alcolumbre said [2].
Other reports indicate that Alcolumbre has faced attacks from colleagues for refusing to read the formal request for the inquiry [3]. Despite this pressure, he said the existing investigations are sufficient to handle the matter.
"The request for a CPI of Master serves only to campaign for elections; there is no need for another commission," Alcolumbre said [3].
“"The pressure for a CPMI of Banco Master is nothing more than an electoral platform,"”
This clash highlights the frequent use of parliamentary commissions in Brazil as tools for political visibility during election cycles. By citing the ongoing work of the Central Bank and Federal Police, Alcolumbre is attempting to delegitimize the push for a CPI as a performative act rather than a search for legal accountability.
