The Attorney General’s Office (PGR) rejected this Monday (15th) more recent plea bargain proposal presented by the owner of Banco Master, Daniel Vorcaro. In the new version, the banker had modified the report on the relationship with the senator Ciro Nogueira (PP-PI) and the former governor Claudio Castro (PL-RJ).
On Thursday (11), the Federal Police (PF). In the new report, Vorcaro adopted the understanding of the investigations and classified the link between Ciro Nogueira and Cláudio Castro as cases of bribery. Thus, he abandoned the previous speech that they were just friendly relationships.
A. For researchers, the affirmation given by the owner of Banco Master that he paid bribes was insufficient.
Vorcaro Transfer
On May 18, the minister André Mendonçaof the Federal Supreme Court (STF), authorized the transfer of Vorcaro for a common cell at the PF Regional Superintendency in the Federal District and suspended access for lawyers at any time of the day. When the plea bargain process was made official, the banker was held in the same General Staff Room where the former president Jair Bolsonaro was detained.
Vorcaro’s transfer to a common cell it was an indication that cooperation negotiations would not move forward. On May 6, the banker’s defense sent after the PF and the PGR refuse the first collaboration material. The corporation and the body understood that the content was incomplete e did not answer questions two researchers.
Understand the Master case
After identifying signs of financial irregularities and the serious liquidity crisisthe Central Bank determined, on November 18, the extrajudicial settlement 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 later released using an electronic ankle bracelet. On March 4, .
According to investigations, the 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 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.
