The lawyer who was not the target of any of the phases of Operation “No Discount”, launched by the Federal Police (PF) against a billion-dollar scheme of undeserved pension cuts, received R$4 million from associations suspected of involvement in INSS Farra, the Federal Police revealed. CapitalsTo sign your agreements with the National Social Security Institute.
With good traffic in Brasilia, Cecilio Galvão (featured image) He has been caught in the “fine web” of the Financial Activities Control Board (Coaf) over suspicious movements, owns a consultancy firm that provides services to social security institutes across the country, and has even booked a lecture for the son of a former INSS benefits director accused of bribing his father.
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The son of the former INSS director gave a lecture at the entity’s lobbying firm
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Cecilio Galvao, INSS lobbyist, at an event on pension funds
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Andre Fidelis, the former director of INSS benefits, received payments from Antonis and was also present at the meeting
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Cecilio Galvão comes from a traditional political family in Pernambuco. His late father was a state representative and mayor. He also led the city of Belo Jardim, located in rural Pernambuco, in the 1990s. He was a member of the PTB, campaigned for the Legislative Assembly and served as an alternative in 2014. Today, he is in the Solidarity movement.
Through his work in the field of social security law, Galvão has signed contracts with dozens of social security institutes for state and municipal employees. The lawyer, who is in Brasilia, met with Vice President Geraldo Alckmin (PSB) on an agenda to discuss green oil, in 2023.
Contracts with city councils and the son of the former INSS director
Crédito & Mercado, of which Galvão is a partner, was hired by municipalities that contributed money from pension funds to Banco Master, the target of PF’s operations for suspected billion-dollar fraud and an extrajudicial settlement by the central bank. It was this company that promoted a lecture given by Eric Fidelis, the son of former INSS Benefities director Andre Fidelis. The duo, also from Pernambuco, received millionaire payments from lobbyists and associations from the unjustified discounting spree, according to PF.
Galvão was a representative of the Brazilian Union of Social Security Pensioners (Unibap) and the Association for the Support of Pensioners and Pensioners of Brazil, currently called Ampaben, but at the INSS’s heyday, it was called Abenprev. The first association received R$183 million in discounts for retirees. The second is 80 million Brazilian reals.
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A businessman withdrew R$50,000 after a PF process at INSS
A Coaf report sent to INSS CPMI in Congress showed that Abenprev paid R$3.1 million to Cecílio Galvão, while Unibap transferred R$888,000. the Capitals I previously indicated that the lawyer obtained powers of attorney from the authorities to form their agreements with the institute, which allowed them to deduct the monthly fees directly from the members’ salaries.
As it turns out CapitalsThe associations are headed by retirees, but those who control them and make money from them are two businessmen associated with payroll loans and insurance brokers. Federation reports showed that Zacaria Canuto and Guttemberg Tito together received more than 11 million Brazilian reals from the two federations. Tito is the only one who made serial withdrawals of R$50,000 from the cash register, even after the transaction was made without a debit.
The same attorney also owns a company that sells payroll loans on behalf of major banks.
In addition to facing legal convictions, associations are in the crosshairs of the Federal Comptroller General (CGU). In investigations, auditors found the retirees’ affiliations with entities with expired documents, such as old driver’s licenses. They also reported thousands of deaths among their partners to INSS.
What Cecilio Galvao says
Cecilio Galvao told Capitals Who was “appointed to provide legal advice to the aforementioned associations.” “Concluding a Technical Cooperation Agreement (ACT) was the main objective of the scope of service contracted there.”
“The contract for the provision of these services was formally drawn up directly with the entities Unibap and Abenprev, and the contracts were signed by their legal and legal representatives at that time,” he stated.
Galvão also stated that Eric Fidelis “was a speaker at an event promoted by Crédito e Mercado to talk about the topic of Social Security compensation.” “As for my relationship with the Benefits Board, it has always been through institutional channels, with the aim of achieving what my mandate envisioned with contractors, regardless of who was in charge, with almost full intensity until the publication of the above-mentioned laws.”
Regarding Crédito e Mercado, he said that the company “does not recommend investment to its clients.” “Its role is limited, for mandatory regulatory reasons, to the technical opinion on the compliance of a product or financial institution with the legislation and investment policy of its clients. The decision on these investments is exclusively and exclusively the responsibility of the trading bodies of each RPPS (Personal Social Security System).”
He said: “As for the meeting with Dr. Geraldo Alckmin, as Minister of Development, Industry, Trade and Services, I was not there representing the interests of any company. The meeting, in the company of other professionals specialized in the green economy, was intended only to contribute to enriching the discussion on this topic with the Ministry, and more specifically on carbon stock and credit, which at that time was called green oil.”
What the credit and market say
Credito & Mercado Gestão de Valores Mobiliários Ltda. It clarifies that it does not maintain any institutional, contractual or operational link with Banco Master SA, nor does it have decision-making power or any influence on the financial investments made by RPPS or any of its clients.
The company emphasizes that its activities are limited to technical analysis of instruments, only upon request by RPPS, without participating in the selection, brokerage, offer, distribution or recommendation of any financial products.
The decision regarding financial investments rests exclusively with the RPPS management, which is responsible for determining the allocation of policyholders’ resources, within established risk and return parameters.
The investments made by the RPPS are selected through the comprehensive list of institutions eligible to receive resources published by the Social Security Secretariat (SPREV). At the time of submission of the applications selected and submitted by the IPREVs, Banco Master was duly licensed to operate by the Central Bank of Brazil and had obtained a BBB credit rating, assigned by specialized agencies, in accordance with regulatory risk assessment criteria.
Required by CapitalsEric Fidelis, Zacharias Canuto and Gutemberg Tito did not comment.
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