Former banker Daniel Vorcaro, owner of Banco Master, acquired three planes for his private fleet between 2022 and 2024, totaling R$260 million paid in cash, an unusual practice in the aircraft market. The information is from Folha de S. Paulo.
According to data from the National Civil Aviation Agency (Anac), the three models were purchased from different sellers, but always with payment in cash.
The most recent acquisition occurred in August 2024, when Vorcaro purchased a Falcon 7X from Timbro Trading for around R$117 million.
The Falcon 7X, initially valued at around R$200 million, was seized in the first phase of Operation Compliance Zero, launched on November 19, which resulted in Vorcaro’s first arrest.
The banker was re-arrested preventively the following month, on the understanding that there was a risk of escape.
Of the three aircraft, the least valuable is also a Falcon, manufactured in 2000. The jet was acquired from AM Participações in February 2022 for approximately R$21 million.
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The purchase of the three aircraft in cash draws attention because the executive jet market is one of those that operates with the lowest interest rates on the international scene.
In general, aircraft are acquired by interested parties’ companies, through financing, to take advantage of tax benefits and deductions.
Indicted by CPMI
The INSS Joint Parliamentary Commission of Inquiry (CPMI) requested, this Friday (27), the .
The document still needs to be approved by the members of the commission, which ends its work on the 28th, after the .
In the report, Vorcaro is named as a central player in the fraudulent scheme involving the INSS, with suspicious movements made through his financial institution.
The rapporteur attributes to him the crimes of ideological falsehood, criminal organization, insertion of false data into systems, qualified theft through fraud, crime against the popular economy, electronic and social security fraud, in addition to money laundering.
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