According to the Financial Activities Control Council (Coaf), from March 2023 to May 2024, ACM Neto, former mayor of Salvador and current member of União Brasil, received R$ 3.6 million from Master Bank and Reag, an asset management company suspected of having ties with organized crime. This information surfaced in a report that was later confirmed by Folha and originally published by O Globo. The document outlines that Master Bank made a total of R$ 1.8 million in twelve payments to Neto's company, while Reag contributed R$ 1.83 million across thirteen transactions during the specified time frame.

ACM Neto acknowledged the existence of these contracts but insisted that the services provided were legitimate and unrelated to any investigations into Master Bank or Reag. The transactions have raised alarms due to their association with financial institutions under scrutiny for possible links to criminal activities. This revelation has prompted further inquiries, particularly since the report was forwarded to the Senate's Parliamentary Commission of Inquiry (CPI) on Organized Crime, which is tasked with investigating allegations of criminal activity within such financial networks.

The implications of these financial exchanges are significant, as they not only raise questions about the integrity of public figures in Brazil but also highlight the intricate relationships between politics and financial institutions that are under investigation. A&M Consultoria Ltda, the company linked to ACM Neto and his wife, Mariana, has come under scrutiny, and the ongoing investigations may shed light on broader issues of corruption and governance within the Brazilian political landscape.