Veytics Intelligence
2026-10-02 · Aljazeera

How the Banco Master scandal injected chaos into Brazil’s presidential race

Sao Paulo, Brazil – It is one of the largest fraud scandals in modern Brazilian history. And experts say it may play a role in the nail-biter race unfolding for Brazil's presidency. On Sunday, Brazilian voters will head to the polls for the first round of the country's presidential vote. Centre-left incumbent Luiz Inacio Lula da Silva, 80, is currently the frontrunner. He is seeking an unprecedented fourth term, after previously leading the country from 2003 to 2011. His main challenger is far-right Senator Flavio Bolsonaro, 45, the eldest son of embattled former President Jair Bolsonaro, who is serving a 27-year prison sentence for an alleged coup attempt. The two candidates are locked in a neck-and-neck race.

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