INSS CPMI schedules Vorcaro and Cardamone hearings for February 5

Senate President of the INSS CPMI, Carlos Viana (Podemos-MG), announced the summons of bankers Daniel Vorcaro and Luiz Félix Cardamone Neto for depositions on February 5. The hearings are part of investigations into frauds in payroll loans to INSS retirees. The commission is also seeking to overturn a habeas corpus to hear Maurício Camisoti.

Senator Carlos Viana, president of the Joint Parliamentary Inquiry Commission (CPMI) on INSS, announced on January 28 the date for the hearings of Daniel Vorcaro, former owner of Banco Master, and Luiz Félix Cardamone Neto, former president of Banco BMG. The sessions are scheduled for February 5, when the committee resumes work in the National Congress.

"We inform Brazil that Daniel Vorcaro and Luiz Félix Cardamone Neto have been summoned to appear this Thursday, February 5, before the INSS CPMI," Viana stated in a social media post.

The summoned individuals' attendance is mandatory, with the possibility of coercive conduct if they fail to appear, although last year some obtained court injunctions to avoid testifying. The CPMI is investigating frauds in payroll loans granted to INSS retirees and pensioners, as well as suspicions of money laundering, corruption, and organized crime. Vorcaro is suspected of creating an influence network in Brasília to cover up Banco Master frauds estimated at 50 billion reais.

At the end of last year, the commission approved breaks in Vorcaro's fiscal, banking, and telematic secrecy, including obtaining data from companies such as Meta, WhatsApp, Google, Telegram, Apple, Twitter, and ByteDance (TikTok). The commission is also working to overturn the habeas corpus protecting Maurício Camisoti from testifying.

It is not yet determined whether the deposition will be public, with live broadcast, or in a secret session. Lawmakers plan to focus on Vorcaro's relations with influential figures from the Three Branches of the Republic, which is expected to stir the return of legislative work.

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Deputy Carlos Jordy announces 205 signatures for Banco Master fraud inquiry commission in Brazilian Congress.
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CPMI request on Banco Master reaches required signatures

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Deputy Carlos Jordy announced that the request for a Joint Parliamentary Inquiry Commission on Banco Master has 205 signatures, exceeding the required 198. Signed by 177 deputies and 28 senators, the document will only be filed in February after the legislative recess. The move comes amid probes into a billion-dollar fraud involving rotten bonds at the bank.

The Supreme Federal Court released depositions in the Banco Master inquiry, revealing serious irregularities such as only R$ 4 million in cash despite R$ 80 billion in assets. Meanwhile, INSS blocked R$ 2 billion in payments due to unproven loan contracts, and the Credit Guarantee Fund continues reimbursements to investors.

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Supreme Court Justice Dias Toffoli has ordered the Federal Police to take statements from individuals investigated in the Banco Master fraud case and Central Bank directors within 30 days. The action aims to clarify allegations and safeguard the National Financial System. The probe was moved to the STF following a defense request from an investigated party.

In the latest twist in the Banco Master liquidation case—following STF Minister Dias Toffoli's December 27 rejection of the Central Bank's bid to exclude its Fiscalization Director from the December 30 confrontation—two justice officials visited the São Paulo office before Christmas seeking liquidator Eduardo Félix Bianchini, fueling expectations of summons in the ongoing legal disputes.

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Supreme Court Justice Alexandre de Moraes denied pressuring the Central Bank president in favor of Banco Master, embroiled in billion-dollar frauds. Reports indicate contacts between Moraes and Gabriel Galípolo, but both claim the meetings addressed the Magnitsky Act. The case has spotlighted judiciary ties and calls for investigation from opponents.

In a follow-up ruling, STF Minister Dias Toffoli rejected the Central Bank's embargos to remove Fiscalization Director Ailton Aquino Santos from the December 30 confrontation hearing in the Banco Master case, emphasizing his relevance despite BC not being investigated.

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The Federal Police carried out the second phase of Operation Compliance Zero on Wednesday (14), with 42 search and seizure warrants against targets linked to Banco Master, including owner Daniel Vorcaro and businessman Nelson Tanure. The operation led to the temporary arrest of Vorcaro's brother-in-law and the seizure of assets worth millions. STF Justice Dias Toffoli, the case rapporteur, criticized the PF for delays but reconsidered decisions on the evidence.

 

 

 

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