INSS CPI targets presidents of payroll banks and may summon Vorcaro
The INSS CPMI is preparing for its second phase, in which it will target the irregular collection of credits granted to retirees and pensioners. Until now, parliamentarians have focused on illegal associative discounts, carried out by entities and unions. The commission’s rapporteur, federal deputy Alfredo Gaspar (União-AL) filed this Friday, the 28th, requests to summon ten presidents of financial institutions accused of irregularities.
These requests still need to be approved by CPI members. One of the targets is Daniel Vorcaro, owner of Banco Master, arrested on the 18th by the Federal Police as part of Operation Compliance Zero, but with his release authorized this Friday, 28th. He is accused of fraud worth R$ 12 billion in the sale of false credits to Banco de Brasília (BRB).
Court orders the release of Daniel Vorcaro, owner of Banco Master
Vorcaro will leave CDP (Provisional Detention Center) 2 in Guarulhos wearing an electronic ankle bracelet
BC prohibits financial institutions from using names unrelated to their activities
“When presented to the public, authorized institutions must use terms that make it clear to customers and users the type of institution that is providing the service,” said the BC
The criteria for choosing the executives was the volume of complaints registered on the Consumidor.gov.br platform and with the National Consumer Protection Secretariat (Senacon), linked to the Ministry of Justice.
In the case of the summons of Eduardo Chedid, from Pic-Pay, the request also cites the fintech’s role in the “Meu INSS Vale+” program, launched in 2024 and which provided for the advance of up to R$150 of the benefit. The municipality suspended the action in May of the following year after complaints that the company charged fees to transfer the advance amount, which was contrary to established rules
Another executive called up is Leila Pereira, president of Crefisa and Palmeiras. The finance company assumed the majority of the payroll for new social security benefits after winning a auction in October 2024. There were allegations of “serious operational, contractual and systemic failures” against the company, which led the INSS to precautionarily suspend part of the contracts.
The reports indicate pressure on customers to open current accounts and purchase unsolicited products, which would constitute a practice of tying.
Gaspar also asked the Minister of the Comptroller General of the Union, Vinícius Marques de Carvalho, to send complete documentation on payroll loans. The request includes audit reports, informative notes and “any other documents” related to the topic.
A similar request was made to the president of the INSS, Gilberto Waller Júnior, to send documents produced by the body’s General Auditor’s Office relating to assigned loans.
