Owner of the Master was transferred this Thursday (19) to the PF Regional Superintendence in the Federal District
The owner of Banco Master, Daniel Vorcarosigned the confidentiality term with the Attorney General’s Office (PGR) and the Federal Police (PF), which makes negotiation possible for plea bargain. The information was reported by Andréia Sadi’s Blog, and confirmed by Young Pan.
This Thursday (19), minister André Mendonça where former president Jair Bolsonaro was held.
The change of Vorcaro’s place of detention is a indication that the plea bargain process has begun. This is because, held in custody at the Superintendence, the banker becomes more accessible to conversations.
At this initial moment, the owner of the Master will give a statement in which he will present the facts with the presentation of evidence or indication of where it can be found. Afterwards, the case rapporteur, Minister André Mendonça, will be notified. It will be up to the judge whether or not to approve the plea..
Change of lawyer
On March 13th, the owner of Banco Master, Lawyer Pierpaolo Bottini leaves team for José Luís Oliveira Lima to joinknown as Dr. Juca. With the change, the possibility was opened 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.
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/A;
- Banco Master de Investimentos S/A;
- Banco Letsbank S/A;
- Master S/A Foreign Exchange, Titles and Securities Broker.
On January 21, Will Bank, Master’s digital arm, .
The 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 released using an electronic ankle bracelet. On March 4, .
According to investigations, Banco Master offered Bank Deposit Certificates (CDB) with profitability well above the market. To sustain the practice, the institution began to take excessive risks and structure 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.
