Businessman Fábio Luís da Silva, known as , generated R$19.5 million in four years, according to his (Mixed Parliamentary Commission of Inquiry) from the (National Social Security Institute).
The information was and confirmed by Sheet.
In total, there were R$9.774 million in inflows and R$9.758 million in outflows in four of Lulinha’s bank accounts at Banco do Brasil and Caixa Econômica Federal from January 3, 2022 until January 30 of this year.
Lulinha’s defense stated that “the leak [da quebra do seu sigilo] constitutes a serious crime, which is being immediately communicated to all competent authorities.” “We will spare no effort to identify and punish those responsible,” he stated.
Lulinha’s lawyers also said that it is impossible to assess the existence, veracity or detail of the information because they did not have access to the documents received by the CPI.
Among the amounts received listed in the document are R$721 thousand from his father, President Lula (PT). Of this total, R$384,000 was paid on July 22, 2022. Two other transfers took place on December 27, 2023.
The largest portion of the money that entered Lulinha’s accounts comes from the income of two companies he owns, LLF Tech Participações and G4 Entretenimento e Tecnologia. There were R$2.3 million in transactions with the first and R$772 thousand with the second.
The flow was not constant, with months without any transfers and others with up to R$350,000. Throughout 2022, payments from Lulinha’s companies to her personal bank accounts totaled an average of R$43 thousand per month. In 2023, with Lula in power, the transfers were, on average, R$64.3 thousand per month. In 2024, they reached an average of R$100.8 thousand per month, and in 2025 they dropped to R$54.5 thousand per month.
The owner of the place frequented by Lula, Jonas Suassuna Filho, received R$704,000 in monthly installments of R$10,000. The rural property was the pivot of one of the processes that resulted in convictions of the current president in Operation Lava Jato —later annulled by the STF (Supreme Federal Court).
There are also movements between the four bank accounts of the president’s son and withdrawals from investments, which increases the amount moved. Excluding transfers between his accounts, the volume received from companies or other people totals R$5.2 million in four years.
The president’s son’s lawyers state that, “when publicizing confidential data, the press only cites legal and legitimate sources of income: LLF Tech Participações and G4 Entretenimento e Tecnologia, legitimate companies with legal and declared operations; and income from investments.”
Regarding the transfers from Lula to his son, Lulinha’s defense stated that they are “an advance of legitimate inheritance to the president’s children, reimbursement of costs borne by Fábio Luís during the emergency period in which Lula was illegally imprisoned, or a loan to LILS Palestras, of which Fábio Luís has shares received by inheritance”.
The payments to Jonas Leite Suassuna Filho would be for the rent of the house in São Paulo where Lulinha lived and for Kalil Bittar they would correspond to the shares he owned in the company G4.
“All movements and assets are registered and declared to the tax authorities, results of legitimate action, or even receipt of inheritance from his mother, Dona Marisa”, he stated.
G4 Entretenimento was one of the owners of Gamecorp, a firm that had a partnership with the telephone company Oi. The deal with the telephone company generated criticism from the opposition at the time of Lula’s first government and was also investigated by Lava Jato. Gamecorp was responsible for the Play TV television channel.
The PF has investigated quotes made to Lulinha in the Operation Sem Desconto investigations, which investigates embezzlement of INSS pensions. One of the lines of the investigation is that the president’s son was a silent partner of the lobbyist Antonio Carlos Camilo Antunes, known as Careca of the INSS.
At the request of the police, Minister André Mendonça, of the STF, broke Lulinha’s banking, tax and telematics secrecy before the CPMI approved the same break, in a session marked by confrontation between parliamentarians, last week.
Government coordinator at CPMI, deputy Paulo Pimenta (PT-RS) said that the illegal leak of Lulinha’s banking secrecy “dismantled the narrative constructed by opposition parliamentarians” about the payment of an “allowance” to the president’s son by Careca from INSS.
On Wednesday (4), a decision by the minister of the (Supreme Federal Court) to suspend the breach of banking and tax secrecy of a friend of Lulinha led to the extension of the same benefit, which was granted this Thursday.
The leadership of the INSS CPI reacted and said there was an “affront to Parliament”.
