INSS CPI anticipates for the second testimony of Vorcaro, founder of Banco Master
The INSS CPI brought forward to next Monday, at 4pm, the testimony of banker Daniel Vorcaro, founder and president of Banco Master. The hearing was initially scheduled for Thursday, but was rescheduled after a meeting between the president of the commission, senator Carlos Viana (Podemos-MG), and other members of the collegiate leadership.
The date change occurs amid the legal dispute involving the businessman’s appearance and is interpreted by members of the commission as a move to ensure that the hearing takes place without further postponements. Behind the scenes, parliamentarians assess that anticipation reduces the scope for procedural maneuvers on the eve of the testimony.
Augusto Lima, from Banco Pleno, met 7 times with BC in 2025 as CEO of Master
The records, which appear in the BC’s official agenda, contradict information given by Lima’s defense in November last year
Master Case: Former BRB president asks the PF to be heard again
According to the defense, the request is not related to a possible plea bargain agreement.
The anticipation also has a logistical effect of not emptying the testimony. The banker is also expected in Congress on Tuesday at the Senate Economic Affairs Committee.
Opportunity with security!
Vorcaro was summoned at the end of last year after the CPI approved, in addition to the hearing, the breaking of the businessman’s banking, tax and telematic secrecy. The decision was justified by the need to clarify the role of Banco Master in investigations into irregularities in payroll loans and other financial products offered to INSS retirees and pensioners.
The bank entered the commission’s radar after the extrajudicial liquidation ordered by the Central Bank and the launch of Operation Compliance Zero, by the Federal Police, which investigates suspicions of reckless management, formation of unbacked credit portfolios and other irregularities. Parliamentarians maintain that Vorcaro’s hearing is central to understanding the financial structure of the operations and the possible connection with losses to INSS beneficiaries.
The banker’s defense is still considering appealing to the Federal Supreme Court (STF) to try to limit the scope of the testimony or ensure that he can exercise his constitutional right to remain silent. Members of the CPI recognize that, even with attendance, the businessman can choose not to answer questions, a common strategy in parliamentary commissions of inquiry.
The expectation is that Monday’s session will focus on questions about the policy for granting payroll loans, the bank’s funding structure and the decisions taken in the period leading up to the Central Bank’s intervention.
