Requests to create CPIs to investigate the Banco Master scandal have support from opposition, centrals, and even Lula government allies. There are three requests with sufficient signatures, but installation depends on Congress presidents' decision. The focus includes BRB negotiations and irregularities in investment funds.
The scandal involving Banco Master, whose liquidation was ordered by the Central Bank due to the fabrication of non-existent assets worth R$ 12 billion, has boosted demands for investigations in the National Congress. Three CPI requests are circulating: one in the Chamber, led by Deputy Rodrigo Rollemberg (PSB-DF), focusing on BRB negotiations to buy the bank; a mixed one, led by Carlos Jordy (PL-RJ), covering funds, accounting falsifications, and authorities' actions; and one in the Senate, led by Eduardo Girão (Novo-CE).
Rollemberg claims 185 signatures, exceeding the 171 minimum in the Chamber. Jordy reports 258 supports among deputies and senators, including petista Fabiano Contarato and emedebista Eduardo Braga. Girão has 43 signatures in the Senate, above the 27 required. Despite broad support, including from government allies, installation is uncertain, as it depends on Presidents Hugo Motta (Chamber) and Davi Alcolumbre (Senate), with no mandatory deadlines.
In addition to the CPIs, Senator Renan Calheiros (MDB-AL), CAE president, formed a group to follow the case, with visits to BC, PF, and TCU. He criticized the CVM for supervisory failures. Finance Minister Fernando Haddad defended shifting fund supervision to the BC, but CVM interim president João Accioly countered that the competence is legal and reflects accumulated expertise.
Master executives, like Daniel Vorcaro, avoided prior CVM judgments via R$ 6.1 million settlements. The case also involves real estate donations by Vorcaro's family, such as a R$ 2.6 million apartment donated by brother-in-law Fabiano Zettel to a nutritionist, claimed as an investment in a meal prep company.
