Key facts
- Brazilian Federal Police served a search and seizure warrant on Senator Jaques Wagner.
- Wagner is a close ally of President Luiz Inacio Lula da Silva and the government's leader in the Senate.
- The investigation is linked to the now-defunct lender Banco Master.
- Police are investigating potential involvement of a public official in irregularities within the national financial system.
- Banco Master was liquidated by the central bank in November due to a liquidity crisis, and its owner is under arrest.
Brazilian Federal Police have executed a search and seizure warrant on Senator Jaques Wagner, a prominent ally of President Luiz Inacio Lula da Silva and the government's leader in the Senate. The warrant is part of an ongoing investigation into irregularities within the national financial system, specifically linked to the now-defunct Banco Master.