Today: February 6, 2026
February 6, 2026
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Breach of Banco Master’s secrecy leaves the INSS CPMI agenda

FGC has already paid R$32.5 billion to 75% of Banco Master's creditors

The president of the INSS Joint Parliamentary Commission of Inquiry (CPMI), Senator Carlos Vianna (Podemos-MG), removed from the agenda, this Thursday (5), the request that broke the banking and fiscal secrecy of Banco Master, investigated for alleged fraud in the financial market.Breach of Banco Master's secrecy leaves the INSS CPMI agenda

In the context of the investigations against Banco Master, the INSS CPMI has been transferring the focus of its work to the institution of banker Daniel Vorcaro, who is under house arrest and has a statement scheduled at the CPMI for February 26th.

As the request presented broke all the bank’s secrecy, the president of CPMI, Carlos Vianna, argued that the The request is beyond the scope of the Commission, which should focus only on loans granted to retirees and pensioners made by Master.

“There is no point in us asking for 100% of operations to be broken, since this data cannot be used in the future within the report”, Vianna told journalists, adding that he asked that the request be redone to be analyzed at another time.

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During the session, the president of CPMI also claimed that the Judiciary does not allow the Commission to deviate from the original theme that justified its creation:

“This is the reading given by the Senate Advocacy and the reading given today by the Federal Supreme Court (STF).”

Parliamentarians have defended the investigation of 251 thousand loan contracts for retirees and pensioners signed with Banco Master. There are signs of irregularities in these contracts, according to the INSS itself.

One of the authors of the request, deputy Marcel Van Hatten (Novo-RS), stated that the text requesting the breach of confidentiality could be adjusted before the vote and argued that there is an attempt to “shield” the investigation against the Bank.

On the other hand, federal deputy Paulo Pimenta (PT-RS) argued that the application against Banco Master was presented not to be approved, since it was not related to payroll loans, a CPMI issue, but rather to create a smoke screen.

“We now have to move forward to reach the home base [do roubo dos aposentados do INSS]. And that is exactly what the opposition tries to prevent, creating a smokescreen, creating fallacious narratives”, he commented to journalists.

Agreement

The government leader in Congress, senator Randolfe Rodrigues (PT-PE), highlighted in the session that the Master’s technical cooperation agreement with the INSS for payroll loans was signed by the previous government, on September 17, 2020.

“Perhaps this explains why the president of the Central Bank who did not intervene in Banco Master was Roberto Campos Neto, and not Gabriel Galípolo. In the biggest financial scandal in the country’s history, the intervention occurred due to the Central Bank and the presidency of Gabriel Galípolo”, he said.

On the other hand, the opposition tries to attribute the INSS and Banco Master scandal to the current government, as federal deputy Bia Kicis (PL-DF) did.

“Litany of the left that wants to blame everything on Jair Bolsonaro, which is where it started [os desvios]. The people are not falling for this”, countered the deputy.

President of INSS

Also this Thursday (5), CPMI heard the testimony of the president of INSS, Gilberto Waller Júnior, who explained why the institution decided not to renew Banco Master’s contract with INSS for payroll loans. Of the 324 thousand credit agreements with retirees, 251 thousand did not have the required documents.

“Checking the number of complaints from our policyholders, we decided not to renew the technical cooperation agreement on September 18, long before Master’s liquidation,” he stated.

The INSS president added that he asked Banco Master representatives to see the payroll loan contracts that had not been registered in the system by the bank.

“When we showed these contracts, it didn’t have the minimum elements for us to control: it didn’t have the amount borrowed, interest rate, effective cost. And worse: the signature, which was an electronic signature from our insured, was not accompanied by a QR code, with what you can use to certify that the signature was from that person. And we left the meeting saying: ‘There’s no way to sign the term of commitment'”, he added.

Check out information about the CPI on Repórter Brasil Tarde, on TV Brasil

Other requirements

The president of the CPMI, senator Carlos Vianna, decided to keep voting only on the requests that were a consensus between the government and the opposition, having removed from the agenda another 20 requests without agreement, such as the request for preventive detention of the former president of the National Institute of Social Security (INSS) during the government of Jair Bolsonaro, José Carlos Oliveira, who was also Minister of Labor and Social Security in the previous government.

Vianna justified that he decided to postpone the analysis of the requests considered controversial to try to reach an agreement between the government and the opposition.

“As I always do, I seek consensus among leaders so that we can move forward. Several of them were withdrawn, but several also, a very important dozen of breaches of confidentiality, were approved and will complement. Naturally, the CPMI investigations”, he argued.

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