Businessman Fábio Luís da Silva, known as Lulinha, son of President Lula (PT), opened a “drawer company” in Spain after the start of investigations into the fraud, which are investigating whether he was one of the beneficiaries of the scheme.
Named Synapta, the company began operations registered on January 13, 2026 and was registered on February 6 in the Madrid Commercial Registry.
A Sheet visited this Monday (16) the company’s registered address, located in the Chamartín district, an upscale region in the north of Madrid.
The company declares generic activities in the area of technology, such as technical and IT consultancy, implementation of digital solutions and user support. It also mentions work in the commercial intermediation sector, such as “identifying buying or selling opportunities”.
The office is located on the fifth floor of a typical complex of modern buildings that houses international companies, offices and the headquarters of Madrid’s public administration.
Lulinha is listed as the sole administrator of the company, which has not had any officially recorded activity since its opening, except for the appointment of the Spanish law firm Monereo Meyer Abogados and five of its employees as legal attorneys.
The address registered by Synapta is the same as that of this office, specialized in advising foreign companies doing business in Spain and Portugal.
The company’s reported capital is the minimum required by Spanish legislation: 3,000 euros, equivalent to around R$18,000.
Both the building’s receptionist and the law firm’s receptionist told the reporter that they did not know Synapta. The second employee, however, confirmed that it was possible that the company had a registered address at that same address.
Spanish legislation — as well as Brazilian law — allows companies to maintain a tax address that is not the place of business operation, a common practice and provided for by law.
Stefan Meyer, one of the office’s founders, expressed surprise when he heard that the report was looking for the Brazilian president’s son’s company. “What do we have to do with this? Send an email and we’ll investigate, ok?”, he said. Later, the department responded that, due to professional confidentiality, it could not comment beyond public information.
Lulinha’s defense says that the company meets legal requirements and does not yet carry out activities, having been formalized with a view to future projects of the son of the President of the Republic. As it is already constituted in practice, but without relevant effective activities, it is considered for now as “back-to-back”.
Lawyers say that the businessman currently works and receives income as an individual abroad, without detailing contracts or clients, under the argument of preserving privacy.
Lulinha had her banking and tax secrecy broken by the STF (Supreme Federal Court), at the request of the Federal Police, and by the mixed CPI (Parliamentary Commission of Inquiry) of the INSS in February, a measure that was suspended by Minister Flávio Dino and which.
Excerpts from the confidential data, passed on by the PF to the CPI, indicate that, in four years, Lulinha received just over R$9.7 million in her accounts and transferred an equivalent amount, totaling R$19.5 million in transactions.
The PF stated in a report, released this Tuesday (17) by Estadão, that the change of country could be an “evasion of the country”. “From an investigative point of view, we assert that Lulinha traveled abroad, with no expected return, which denotes possible evasion from the country, considering it is associated with the facts associated with the main operator of billion-dollar fraud against millions of retirees in Brazil”, says the report.
Lula’s son has gone to Spain since mid-2025. At that point, the first operation to investigate INSS fraud had already taken place, but there was no news of his links to the case.
At the time, Lulinha told interlocutors that she had no intention of talking about her new job and that she intended to work in the private sector, as reported by the Sheet then.
Moving abroad can pose difficulties for investigations. “There are complications [para realizar] search and seizure and even [entregar] subpoenas”, assesses jurist Wálter Maierovitch.
Lulinha’s defense says that the move to Spain is not related to investigations into INSS fraud. She states that, if requested by the STF, the president’s son will return to Brazil to provide clarifications.
The INSS fraud investigations uncover information, reported by a witness, that the lobbyist Antonio Carlos Camilo Antunes, known as Careca of the INSS, suspected of making payments to maintain the Social Security fraud scheme, Roberta Luchsinger, a friend of his wife, Renata de Abreu Moreira.
Roberta Luchsinger is investigated by the Federal Police. On December 16, STF minister André Mendonça, rapporteur at the Supreme Court of the investigation into fraud, issued search and seizure warrants at the headquarters of his company, in Higienópolis, central region of the capital of São Paulo.
Luchsinger received R$300,000 from Careca from the INSS, amounts that are subject to investigation by the PF. A witness in the case stated that the transfer would be part of a larger payment, which would total R$1.5 million and would have as its final destination “the boy’s son”, in reference to Lulinha.
The businesswoman’s defense stated that the payment was not related to the illegal acts found in the INSS scheme and was the result of a cannabidiol business developed between her and Careca. A , with expenses paid by the lobbyist, to learn about the project.
A week before the operation against Luchsinger, in December, Lulinha made a series of moves in the management of his companies in Brazil: LLF Tech Participações, G4 Entretenimento e Tecnologia and BR4 Participações.
In the case of the first two companies, the transactions, registered with the São Paulo Commercial Board, transferred business management to Renata. In the case of BR4, he left society.
The three companies are registered in São Paulo, in a commercial building in Pinheiros, in the west zone, but do not operate there.
