Decision by Minister André Mendonça imposes the use of electronic ankle bracelets on those being investigated; In a new phase of operation, the PF arrested Daniel Vorcaro this Wednesday (4)
Minister André Mendonça, of the Federal Supreme Court, determined, this Wednesday (4), precautionary measures against Paulo Sérgio Neves de Souza and Belline Santana, former heads of the Banking Supervision Department of the Central Bank. They are targets of Operation Compliance Zerowhich investigates a alleged billion-dollar fraud scheme involving the Banco Master.
According to the Federal Police, those investigated had acted informally in favor of the financial institution, guiding strategies e passing on privileged information to Daniel Vorcaro in exchange for undue advantages. They are prohibited from accessing the Central Bankthey should use electronic ankle braceletthey cannot leave the municipality where they live and they are prevented from maintaining contact with other investigated.
The STF also authorized the sharing evidence with the Central Bank to opening of administrative disciplinary proceedings. The municipality will have 30 days to inform the Court of the measures adopted.
Operation Compliance Zero
The third phase of Operation Compliance Zero, carried out this Wednesday, arrested Daniel Vorcaro, owner of Banco Master. A Federal Police investigates the possible commission of crimes such as threat, corruption, money laundering e hacking of computer devicesallegedly committed by a criminal organization.
Confirmed by the report of Young Pano After his arrest, he was taken to the Federal Police Superintendency in São Paulo.
Vorcaro’s brother-in-law, Fabiano Zettel, was also the subject of an arrest warrant. He surrendered to the PF this Wednesday morning.
In total, four preventive arrest warrants and 15 search and seizure warrants were served in the states of São Paulo and Minas Gerais. To the orders were issued by Supremo Tribunal Federal.
According to the PF, The investigations had the support of the Central Bank of Brazilwhich helped in the analysis of financial transactions and corporate structures linked to the group investigated.
In addition to the arrests and searches, the Court ordered the removal of those being investigated from public positions and the kidnapping and blocking of assets that could reach R$22 billion. The measure aims to stop the movement of assets linked to the group and preserve values that may be related to the illicit practices found.
Vorcaro was waiting to testify at the Organized Crime CPI this Wednesday (4), starting at 9 am.
Wanted by Young PanDaniel Vorcaro’s defense spoke out after the businessman’s new arrest this Wednesday (4) and stated that he was always available to the authorities.
In a note, the lawyers maintained that Vorcaro never tried to obstruct the work of authorities or Justice. The defense also denied the accusations attributed to the banker. “The defense categorically denies the allegations attributed to Vorcaro and trusts that the complete clarification of the facts will demonstrate the regularity of his conduct”, says the text.
Master Case
The settlements of the decreed by the Bank in November 2025, and the investment manager Reag, revealed one of the most serious episodes in the Brazilian financial system.
O case involves suspected billion-dollar fraud, use of investment funds to hide losses, rescue attempts via public banks and tensions between the Federal Supreme Court (STF) and the Federal Audit Court (TCU) with the BC and the Federal Police (PF).
“The decree of the special regime in institutions was motivated by the serious liquidity crisis of the Master conglomerate and the significant compromise of its economic and financial situation, as well as by serious violations of the rules that govern the activity of the institutions that are part of the SFN”, informed the BC in a note at the time.
Extrajudicially, Banco Master S/A, Banco Master de Investimento S/A, Banco Letsbank S/A, and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários were liquidated.
The Banco Master liquidation process was accompanied by Operation Compliance Zerolaunched by the PF to combat the issuance of false credit titles by financial institutions that are part of the National Financial System (SFN).
As a result, on November 17, Master’s owner, Daniel Vorcaro, was arrested. He was later released using an electronic ankle bracelet.
