The owner of Banco Master, Daniel Vorcaro, will not appear before the Joint Parliamentary Commission of Inquiry (CPMI) that investigates fraud at the National Social Security Institute (INSS), where he had a statement scheduled for Monday (23). The information was confirmed to Agência Brasil by one of the banker’s lawyers, Roberto Podval.
The option of not attending the parliamentary committee is supported by an order from Minister André Mendonça, of the Federal Supreme Court (STF), who decided on Thursday (19) that Vorcaro is not obliged to attend the depositions that were scheduled. In addition to the INSS CPMI, on Monday, the banker had a hearing scheduled at the Economic Affairs Commission (CAE) the following day, which he is also not obliged to attend.
For the STF minister, the banker’s attendance at the hearing is optional, precisely because he is being investigated in the process that investigates fraud at Master. André Mendonça is the case’s rapporteur.
The president of the INSS CPMI, deputy Alfredo Gaspar (União-AL), confirmed, via advisor, that the banker’s trip has been cancelled. The agenda for the meeting has already been changed by the parliamentarian.
In another decision, the minister André Mendonça ordered the returnfor CPMI of the INSS, of access to data on the breach of telematic, banking and telephone confidentiality of Daniel Vorcaro. The commission investigates the bank’s alleged involvement in payroll loans and irregular discounts on pensions.
The decision responded to CPMI’s own request and overturned the former rapporteur of the case, minister Dias Toffoliwhich removed the data from the commission and ordered that the material be stored in the Senate presidency.
Mendonça also determined that Vorcaro’s data must be sent to the Federal Police (PF), which investigates fraud at Banco Master. The corporation must then share the information with CPMI.
The measure was celebrated by the president of CPMI, who classified it as a “victory for transparency”.
“I have always argued that fraud cannot be combated by hiding information. The determination to immediately send the material to the Federal Police strengthens the investigation and our work. We will remain firm. Brazil needs strong institutions, but also men and women of courage to investigate until the ultimate consequences”, wrote Alfredo Gaspar in a post on social media.
Understand
In November 2025, banker Daniel Vorcaro and other defendants were the target of Operation Compliance Zero, launched by the Federal Police to investigate the granting of false credits by Banco Master, including the attempted purchase of the financial institution by Banco Regional de Brasília (BRB), a public bank linked to the government of the Federal District.
According to preliminary investigations, fraud could reach R$17 billion.
