Brazil's former Banco Master head Daniel Vorcaro denied second collaboration deal

The Prosecutor General's Office (PGR) in Brazil rejected on June 15 the second plea‑bargain proposal submitted by the defence of Daniel Vorcaro, former controller of Banco Master, who is accused of heading a multibillion‑real fraud scheme investigated in Operation Compliance Zero.

Prosecutors said the material offered no new information and lacked a concrete commitment to return funds, echoing an earlier refusal by the Federal Police. The alleged scheme is estimated to have caused losses of up to R$12 billion.

Vorcaro has been in preventive detention in Brasília since March. The Federal Police have also asked that he be moved from the Superintendence building to the Papuda penitentiary, a decision pending before Supreme Court Justice André Mendonça, who disclosed that a lawyer had offered a “selective delation” without his approval.

The case remains under the jurisdiction of the Supreme Federal Court, with no agreement reached on a collaboration agreement.