
Businessman Mauricio Camisotti, a key player in investigations into a billion-dollar corruption scheme at the National Institute of National Security, has in recent weeks attempted to negotiate an award-winning cooperation agreement with the federal police. But the negotiations, at least so far, have reached their goal.
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The businessman is being investigated by the Palestinian police as a direct beneficiary of the fraud and has been identified as a hidden partner of entities linked to associations that made unjustified cuts to thousands of pensions.
The mere possibility of Camisote’s conviction is already causing panic in Brasilia’s political circles among parliamentarians from various parties, who fear being drawn into the heart of the scandal less than a year before the next elections.
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Camisotti has been in prison since September, and along with Antonio Carlos Camilo Antunes, the “bald man from the National Institute of National Security,” named as one of the leaders of the pension embezzlement scheme.
But according to sources familiar with the case heard by the blog, despite the signals sent by Camisotti, negotiations on a plea deal have not yet begun because he has not yet proven that he is actually willing to hand over new information or return the amounts he illegally obtained – the two main conditions necessary to justify a commutation agreement.
According to PF, Camisotti controlled three entities that earned more than R$1 billion from illegal deductions, and could have received at least R$43 million from these entities. In total, the scheme would have diverted R$6.3 billion between 2019 and 2024, in addition to triggering one of the biggest political crises for Lula’s government.
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Camisoti was arrested by decision of Minister Andre Mendonça, of the Federal Supreme Court (STF), after the Federal Police warned the court that the person under investigation had “political influence” and “the ability to conduct large financial transactions” – as well as a flight risk, which could jeopardize further investigation.
In October, the second body of the Special Security Force unanimously supported his and Carica’s arrest – and Minister Gilmar Méndez declared himself isolated and did not participate in the analysis of the case.
Investigators discovered that the businessman withdrew R$7.2 million in cash in 17 withdrawals made between 2018 and 2025, according to a report by the Financial Activities Control Board (Coaf), raising suspicions.
For PF, “Camisotti is clearly engaging in dangerous behavior related to vandalism of property, Coaf noted.” He is being investigated for money laundering, hiding assets and forming a criminal organization.
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The INSS CPI has already agreed to requests to break Camisoti’s tax and banking secrecy, as well as to summon him to testify, which has not yet happened.
When contacted by the blog to defend Camisotti, he said the businessman “never benefited from any embezzlement or fraud related to INSS” and denied that he was negotiating a “plea bargain agreement with any authority.” The column holds the published information.