A majority of justices on Brazil’s Supreme Court ruled Friday to continue holding Daniel Vorcaro, the former owner of the shuttered financial institution Banco Master, behind bars.
Vorcaro was arrested earlier this month following a judicial determination that there was “strong indication” he tried to influence a former central bank official through bribery, offering gifts in exchange for favorable regulatory treatment.
The high court panel’s decision maintains Vorcaro’s detention as the case proceeds through Brazil’s legal system.
