Messages from the owner of Master were reported by the press after material arising from the breach of confidentiality was returned to the INSS CPMI
The minister André Mendonçaof the Federal Supreme Court (STF), welcomed this Friday (6) the request from the defense of the owner of Banco Master, Daniel Vorcaroto establish investigation into the leak to the press of the banker’s conversations. Thus, the judge determined that the Federal Police (PF) seek to identify “those who had the duty to guard confidential material and violated it”.
In the decision, the minister informed that the leak has no connection with the PF investigationunder the supervision of the Supreme Court, within the scope of No Discount Operation. The action clears undue charges in benefits for retirees and pensioners from the National Social Security Institute (INSS).
According to the judge, the disclosure of conversations collected on Vorcaro’s cell phone occurred after the material is returned to the Joint Parliamentary Commission of Inquiry (CPMI) which investigates fraud in the INSS. .
Mendonça highlighted that, despite having similar purposes, investigations are different and have “autonomy within yes”. Therefore, “they have completely independent sources of evidence”.
When accepting Vorcaro’s defense request, the minister recalled that, when he authorized the return of the material to the INSS CPMI, he “made a point of noting” that the “processing of information should strictly observe fundamental guarantees”. Among them, the “preservation of intimacy”.
“The breach of confidentiality of data relating to the person being investigated does not authorize its unveiling. Quite the contrary, it allows, by the authority that received the restricted access information, the responsibility for maintaining confidentiality. This is because, to all evidence, any breach of confidentiality does not make the information accessed public“, said Mendonça.
Vorcaro’s Messages
On Wednesday (4), . At the end of the day, the banker’s conversations began to be reported in the press.
The reports exposed Vorcaro’s exchanges of messages with authorities, his girlfriend and affairs. Also published were .
Understand the Master case
After identifying signs of financial irregularities and the serious liquidity crisisthe Central Bank determined, on November 18, the extrajudicial liquidation of Banco Master S/ABanco Master de Investimentos S/A, Banco Letsbank S/A and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários.
On January 21, Will Bank, the digital arm of the Vorcaro conglomerate, .
The Banco Master liquidation process was accompanied by Operation Compliance Zero. Also on November 18, the PF launched the first phase of the action to combat the issuance of false credit securities by institutions that are part of the National Financial System (SFN). Faced with the possibility of escape, Vorcaro was arrested the day before. The banker was later released using an electronic ankle bracelet. .
According to investigations, Vorcaro’s financial institution offered Bank Deposit Certificates (CDB) with profitability well above the market. To sustain the practice, Banco Master started taking excessive risks and structuring operations that artificially inflated its financial balancewhile the liquidity deteriorated.
The episodes of settled on January 15th, are the most serious problems in the Brazilian financial system. The cases involve, in addition to fraud, tensions between the STF and the Federal Audit Court (TCU), as well as with the Central Bank and the PF.
On January 17, the Credit Guarantee Fund (FGC) began the from Banco Master, Banco Master de Investimento and Banco Letsbank. The total amount to be paid in guarantees amounts to R$40.6 billion.
