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EDITION Nº 006 · BRAZILMONDAY, NOVEMBER 2, 2026 · 21:41
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GOVERNMENT & PUBLIC FINANCES02 NOV 2026 · 20:05

Flávio Bolsonaro's defense says that Moraes used suspicion discarded by Santander

According to the defense, Santander had already denied Flávio Bolsonaro's use of the account, but the suspicion served as the basis for precautionary measures.

BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM REVISTA OESTE · 2 MIN

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The defense of Flávio Bolsonaro (PL-RJ) claims that Moraes used, to impose precautions on the parliamentarian, a suspicion that Santander had already discarded. According to Revista Oeste, the argument was presented by lawyer Tracy Reinaldet, from the defense, in an interview with Oeste Sem Filtro this Monday, the 2nd.

The starting point is a suspicion of Flávio's financial transactions in a company account owned by lawyer Willer Tomaz. The Federal Police even raised the hypothesis that the two shared the same bank account and moved money between themselves.

The origin of the suspicion lies in an email sent to Santander by a Tomaz employee. The message cited Flávio and the account of the company Alcazar, from Tomaz. According to Revista Oeste, the bank itself had already denied that Flávio used this account.

The center of the discussion is whether evidence already discarded by a financial institution could have served as the basis for legal action against a politician. The defense maintains yes. The report records this allegation, and not a decision on the merits of the case.

This article is based on the version presented by the defense, as published by Revista Oeste. The elements found here do not include a response from Moraes, the Federal Police or Santander regarding the allegation.

What changes for the investor

The facts found do not describe a direct effect on the stock market, the dollar or interest rates, and it is not possible to predict prices based on them. What usually weighs heavily in this type of case is the institutional risk: when doubts arise about the predictability of court decisions, investors tend to demand more returns to carry Brazilian assets. It is worth monitoring if the defense takes the allegation to other instances and if Santander or the Federal Police comment on the matter.

Automatically translated from Portuguese.

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