A company owned by former Salvador mayor ACM Neto received a total of R$ 3.6 million from Banco Master and Reag, a resource management firm allegedly linked to organized crime, from March 2023 to May 2024. This information was revealed by the Coaf (Financial Activities Control Council) and confirmed by local media outlets including Folha and O Globo. The revelations have raised eyebrows, particularly given the ongoing scrutiny of transactions between financial institutions and potential criminal activities.

ACM Neto has publicly acknowledged the contracts with Banco Master and Reag but insists that the services his company provided were legitimate and not correlated with any illegal activities associated with the financial institutions. According to the Coaf's financial intelligence report, Banco Master is reported to have made R$ 1.8 million in twelve transactions to Neto's company, while Reag provided R$ 1.83 million across thirteen transfers within the same timeframe. This scrutiny emerges as part of broader investigations into alleged organized crime links within Brazilian financial sectors.

The intelligence report has been forwarded to Brazil's Senate's Parliamentary Commission of Inquiry (CPI) focusing on organized crime. The attention from lawmakers underscores the seriousness of the allegations and the increasing pressure on financial institutions to operate transparently. The outcome of these investigations could have significant repercussions not just for ACM Neto but also for the broader political landscape in Brazil, particularly in a context where allegations of corruption and crime continue to challenge public trust in governmental institutions.