Introduction to the INSS CPI Hearing
The INSS CPI hearing, initially scheduled for Thursday (26), has been rescheduled to next Monday (23) at 4 pm. This hearing will feature the president of Banco Master, Daniel Vorcaro, and is a significant development in the ongoing investigation.
Background on the Hearing Reschedule
The rescheduling of the hearing occurred after a meeting between the president of the commission, Senator Carlos Viana (Podemos-MG), and other members of the panel. This change in schedule was announced by the ICC Deputy Chair, federal deputy Duarte Jr (PSB-MA), through a publication on the social network X.
Details of the Upcoming Hearing
Duarte Jr stated that Brazil awaits answers and that "the truth will emerge" from the hearing. Vorcaro is also scheduled to testify at the CAE (Economic Affairs Committee) of the Senate on Tuesday (24). Due to being under house arrest in São Paulo, he will be escorted by the Federal Police (PF) to Brasília for the hearings.
Understanding the INSS CPMI
The INSS CPMI was installed on August 20th and has held 29 meetings until December 4th, resuming work on February 5th. The commission’s focus this year is on analyzing fraud in payroll loans, including suspicions of harassment, concession without consent, and fraudulent renewals that generated unpayable debts.
Key Witnesses and Findings
In 2025, the committee heard 26 witnesses, including Antônio Carlos Camilo Antunes, known as the "Careca do INSS." The commission’s rapporteur, Deputy Alfredo Gaspar (União Brasil-AL), described Antunes as "author of the biggest robbery of retirees and pensioners in the history of Brazil." Data collected by CPMI indicated that the "Careca no INSS" would be the operator of the scheme, generating R$24.5 million in five months.
The Master Case
The Central Bank determined the extrajudicial liquidation of Banco Master S/A, Banco Master de Investimentos S/A, Banco Letsbank S/A, and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários in November 2025, due to signs of financial irregularities and a serious liquidity crisis. On January 21, the Will Bank, the digital arm of the Vorcaro conglomerate, also had its forced closure.
Conclusion
The upcoming hearing of Daniel Vorcaro, the president of Banco Master, is a crucial step in the investigation into financial irregularities and fraud. As Brazil seeks answers and truth, the hearings and testimonies will play a significant role in uncovering the extent of the issues and holding those responsible accountable. The case highlights the importance of transparency and oversight in the financial sector to protect the interests of citizens and prevent similar incidents in the future.
