Brazil Titan's Empire of Distressed Businesses Unravels in Banco Master Probe

The Banco Master headquarters in Sao Paulo. — The Banco Master headquarters in Sao Paulo.
Photographer: Victor Moriyama/Bloomberg

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By Cristiane Lucchesi, Rachel Gamarski, and Matheus Piovesana

March 24, 2026 at 1:19 PM UTC

For years, Nelson Tanure was a titan of Brazilian business. He took distressed investments in more than 200 companies and used them to build corporate giants, spanning industries from oil to telecommunications.

Leia em português.