Brazil election sees power shift after bank scandal shakes Bolsonaro's camp
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Brazil’s Presidential Race Takes a Dramatic Turn as Lula Gains Ground
Scandal Rocks Bolsonaro Camp as Polls Shift
Recent polls indicate a seismic shift in Brazil’s presidential race, with leftist incumbent Luiz Inácio Lula da Silva now leading opposition Senator Flavio Bolsonaro 47% to 43% in a potential runoff. The surge in Lula’s support follows explosive allegations that Flavio may have secured a $24 million investment from the owner of the defunct Banco Master—a financial institution tied to a scandal involving the collapse of the bank.
Flavio Bolsonaro has denied any wrongdoing, while Daniel Vorcaro, the former owner of Banco Master (currently in custody over the bank’s collapse), has yet to comment. The allegations emerged just weeks before the election, surfacing in a report by Intercept Brasil.
The Scandal’s Ripple Effect
Before these claims surfaced, both candidates were deadlocked at 43% each in the polls. Now, the race has tightened—and if Flavio steps aside, his sister Michelle Bolsonaro could enter the race. Even then, Lula would still lead her 48% to 43% in a runoff.
Without Flavio in the picture, Lula would dominate the first round with 41%, dwarfing Michelle’s 22%. Other candidates, including Ronaldo Caiado and Romeu Zema, trail far behind at single digits.
Polls Reflect Voters’ Shift in Sentiment
The latest Datafolha poll, conducted May 20-21 among 2,004 people, shows a 2% margin of error. A separate AtlasIntel/Bloomberg poll from last week mirrored the same trend—Lula pulling ahead.
Political analysts suggest the scandal may be swaying voters more than policy debates. While Flavio’s legal team has dismissed the claims, public opinion often moves faster than court rulings.
A Race Defined by Scandal and Loyalty
Brazil’s election is no longer just about policies—it’s about financial integrity versus loyalty to the Bolsonaro name. With the runoff just around the corner, the nation watches as the scandal reshapes the political landscape.