Brazil's police targets a close ally of President Lula in sprawling fraud probe (opens original article in a new tab)

Brazil's federal police targeted a close ally of President Lula in a fraud probe involving Banco Master, with investigators examining alleged undue benefits and political influence.

• Brazil's federal police executed search and seizure warrants targeting Senator Jaques Wagner, a close ally of President Lula, as part of a fraud and graft probe
• Investigators found indications that Wagner may have received undue economic benefits including a luxury apartment and examined if he used his position to advance Banco Master's interests
• Wagner denied receiving money from Banco Master and claimed no significant dealings with its former CEO, Daniel Vorcaro