Brazilian banker Daniel Vorcaro submits revised plea bargain amid fraud probe

Former Banco Master owner Daniel Vorcaro presented a second version of a plea‑bargaining agreement to Brazil's Federal Police (PF) and the Prosecutor‑General's Office (PGR) after the first proposal was dismissed as inconsistent and incomplete. The new document, delivered in a Monday meeting, includes additional annexes and is being reviewed, with authorities demanding a broader scope that fully acknowledges the billion‑real fraud uncovered in the Master bank collapse and related political ties.

Negotiations are under pressure to meet a deadline set by Supreme Court minister André Mendonça. An exceptional regime allowed daily extended meetings with Vorcaro's lawyers until mid‑June; after June 15 the sessions will revert to a 30‑minute limit. The PF seeks reparations of roughly R$ 60 billion, covering losses to the Credit Guarantee Fund, the state bank BRB, and various pension funds. The case is part of Operation Compliance Zero and involves alleged payments to politician Ciro Nogueira and contracts connected to the family of STF minister Alexandre de Moraes.