Mendonça rules Vorcaro not required to testify at INSS CPI

Supreme Court Justice André Mendonça ruled that Daniel Vorcaro, owner of Banco Master, is not required to appear before the mixed INSS CPI. The decision followed the committee's advancement of his testimony to February 23. Vorcaro, under electronic monitoring, is considering not attending the interrogation.

On February 19, 2026, Supreme Court Justice André Mendonça ruled that Daniel Vorcaro, owner of Banco Master, is not required to appear before the mixed INSS Parliamentary Commission of Inquiry (CPI). The CPI had advanced Vorcaro's testimony to Monday, February 23, prioritizing it over other congressional committees interested in hearing him.

Vorcaro, arrested in late November 2025 at Guarulhos Airport in São Paulo while attempting to board a flight to Dubai during the Federal Police's Compliance Zero operation, has been wearing an electronic ankle monitor since then. His lawyers requested permission to travel to Brasília by private jet, citing security concerns and image preservation, but Mendonça denied it, allowing only commercial flights or a Federal Police aircraft.

The CPI president, Senator Carlos Viana (Podemos-MG), expressed hope for Vorcaro's attendance and praised Mendonça's decision. "The minister showed institutional commitment given the gravity of what's at stake. We are dealing with widows, orphans, and retirees who were harmed," Viana wrote on his social media. Mendonça took over as rapporteur for the Master case on February 12, following a court meeting that removed Dias Toffoli from the role.

The ruling comes amid investigations into Banco Master, with Vorcaro considering not appearing despite the committee's expectations.

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Senator Carlos Viana appeals STF decision allowing banker Daniel Vorcaro to skip CPMI do INSS testimony amid Banco Master probe delays.
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Senator Carlos Viana appeals to STF for Daniel Vorcaro's testimony

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The president of the CPMI do INSS, Senator Carlos Viana, announced he will appeal the STF decision allowing banker Daniel Vorcaro not to testify before the commission. The Federal Police presented updates on the Banco Master investigations to Minister André Mendonça in a meeting on Monday. Lawmakers criticize delays in sending broken secrecy documents to the CPI.

STF Justice André Mendonça ordered greater transparency in the Banco Master case by mandating the delivery of ex-banker Daniel Vorcaro's data to the INSS CPI and the Federal Police. The ruling makes Vorcaro's attendance at the commission optional and reduces risks of evidence tampering. Meanwhile, reports of parties hosted by Vorcaro with authorities heighten suspicions of undue influence in power structures.

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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.

President Luiz Inácio Lula da Silva stated in an interview that during a December 2024 meeting with Daniel Vorcaro, he promised a technical investigation by the Central Bank into Banco Master without political interference. However, documents indicate the formal probe into credit portfolio frauds only began in March 2025. The Presidency clarified that the meeting addressed Vorcaro's complaints of persecution.

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Justice Dias Toffoli, rapporteur of the inquiry into the R$12 billion fraud between Banco de Brasília (BRB) and Banco Master, prepared 81 detailed questions for banker Daniel Vorcaro, who was questioned on December 30. The queries examine suspicious transactions, failures in Central Bank oversight, and potential political connections. Toffoli lifted the secrecy of the depositions to progress the probe.

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.

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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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