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[CRIME] · Brazil · 27 sources

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Daniel Vorcaro denies corruption in Federal Police deposition FAST-MOVING

Daniel Vorcaro, the owner of Banco Master, provided a four-hour deposition to the Federal Police via videoconference on Friday. Vorcaro, who is currently detained at the Papudinha prison in the Federal District, denied all allegations of corruption involving former Central Bank officials Paulo Sérgio Neves de Souza and Belline Santana.

The investigation, part of Operation Compliance Zero, examines whether these former officials acted as unofficial consultants to favor Banco Master during its regulatory supervision. Investigators are also scrutinizing specific financial transactions, including a R$ 4 million payment to Belline Santana for a project described by authorities as a front, and a R$ 4.8 million real estate transaction involving Paulo Sérgio Neves de Souza.

Vorcaro’s defense maintains that his interactions with the officials were routine for the banking sector and that no illegal acts occurred. Despite previous rejections of his plea bargain proposals by the Federal Police and the Prosecutor General's Office due to a lack of new evidence, Vorcaro expressed a continued willingness to cooperate and provide more detailed information if a formal agreement is secured. The case follows the liquidation of Banco Master, which has reportedly caused losses of up to R$ 47 billion to the Credit Guarantee Fund.

Entities

Banco Central do Brasil · Banco Master · Belline Santana · Daniel Vorcaro · Paulo Sérgio Neves · Polícia Federal

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