Bloomberg - Are you a robot?

Source: bloomberg.com

Brazil's massive Banco Master fraud—uncovered as a $2.2 billion scheme with phony assets and political ties—has President Lula pointing fingers at Bolsonaro to deflect blame. The piece details Lula's March 20, 2026, speech slamming Bolsonaro's era for enabling the rot. It matters because this scandal is ripping apart Brazil's elite alliances, threatening Lula's reelection bid amid probes into his own circle.