Criminalist specializing in the benefit, José Luís Oliveira Lima joins the banker’s defense in place of Pierpaolo Bottini
The owner of Banco Master, Daniel Vorcaromade a change in his defense this Friday (13). Lawyer Pierpaolo Bottini leaves team for José Luís Oliveira Lima to joinknown as Dr. Juca. With the change, the possibility opens up for the banker to make a plea bargain agreement.
Bottini was against the use of the benefit as a legal strategy. Unlike Dr. Juca, who specializes in plea bargaining. The lawyer also defends general Walter Braga Nettosentenced to 26 years in prison for his involvement in the coup plot.
Days after being arrested, Vorcaro had made a with investigators from the Attorney General’s Office (PGR) and the Federal Police (PF) about the possibility of making a plea bargain agreement. As reported by the portal UOLo stage of negotiations is initial and a confidentiality agreement has not yet been signed, which formalizes this type of negotiation.
The change in Vorcaro’s defense occurred after the . Ministers Luiz Fux and Kassio Nunes Marques accompanied rapporteur André Mendonça. . The President of the Court, Gilmar Mendes, remains to vote.
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.
