In addition to Vorcaro, five other executives were called up: Salim Dayan, from Daycoval, André Luiz Calabro, from Pan, Everton Francisco da Rosa, from Facta Financeira, Luis Felix Cardamone Neto, from BMG, and Glauber Marques Correa, from Agibank
The INSS CPMI approved this Thursday, 4th, the summons of Daniel Vorcaro, owner of Banco Master and accused of fraud and criminal organization in an alleged scheme to issue R$12 billion in false credits. The businessman’s banking and telematic confidentiality were also broken by the commission.
The request was filed by the rapporteur, federal deputy Alfredo Gaspar (União-AL). “In this sense, it is necessary to summon Mr. Daniel Vorcaro, CEO of Banco Master SA, to provide clarifications regarding the institution’s role in offering financial products to retirees and pensioners, including payroll loans, which may justify the high number of complaints received by Senacon in recent years”, says the text.
In addition to Vorcaro, five other executives were summoned: Salim Dayan, from Daycoval, André Luiz Calabro, from Pan, Everton Francisco da Rosa, from Facta Financeira, Luis Felix Cardamone Neto, from BMG, and Glauber Marques Correa, from Agibank.
There were also call requirements for other presidents of financial institutions. The list included the president of Palmeiras and the finance company Crefisa, Leila Pereira, and the president of PicPay, Eduardo Chedid. But these were voted on and rejected after a government maneuver.
Mario Roberto Opice Leão, from Santander SA, and Marcelo Kalim, from C6, were also rested. The opposition took advantage of the government’s willingness to block the summoning of executives and included in the block of voted requests the request for the preparation of financial intelligence reports (RIFs) from Zema Crédito, Financiamento e Investimento, the finance company of the governor of Minas Gerais, Romeu Zema (Novo).
As revealed by Estadão, the commission is preparing to begin a new phase, in which it will target possible illegalities in the collection of payroll loans without authorization.
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 PicPay call, the request also cited 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 after complaints that the company charged fees to transfer the advance amount, which was contrary to established rules.
Crefisa 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 cautiously suspend part of the contracts.
Reports indicate pressure on customers to open current accounts and purchase unsolicited products, which constitutes 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.
*Estadão Content
