After resuming her parliamentary mandate after 18 years, Heloísa Helena defended the opening of an ICC to investigate Banco Master’s trafficking. The MP justified this idea with a saying from the hinterland: “He who is rotten must break”.
The Master scandal is not limited to the adventure of Daniel Vorcaro. The banker only did what he did because he had accomplices in the market and in politics. Apparently, his web has also reached the judiciary.
Faria Lima has already washed his hands. Brokers who recommended Master’s bad stocks pocketed the profits and externalized the losses. Anyone who has invested more than R$250,000 will not be able to call on the Credit Guarantee Fund to recover what they have lost.
The leaders of the Vorcaro bench have also evaporated. Senator Ciro Nogueira went to ask his teacher, Paulo Maluf, for a Christmas blessing. Governors Cláudio Castro and Ibaneis Rocha have not explained why Rioprevidência and BRB invested money in the troubled bank.
Last week, Minister Jhonatan de Jesus, of the Federal Court of Auditors, surprised by questioning the liquidation of Master. One must ask why the previous leadership of the Central Bank ignored signs of fraud for so long.
In recent weeks, Vorcaro’s shadow has also begun to loom over the Federal Court. Columnist Lauro Jardim revealed that Minister Dias Toffoli had traveled by plane with the lawyer of a bank director before declaring the investigation secret.
Columnist Malu Gaspar then reported that Master signed a contract worth 3.6 million reais per month with the office of Viviane Barci de Moraes, the wife of Alexandre de Moraes. She also indicated that the minister had resolved the bank’s problems with the president of the BC, Gabriel Galípolo.
Both men confirmed the meetings, but said they only discussed the Magnitsky Act. If the official version is to be believed, it remains to be explained why the bank in difficulty did not choose another bank to defend it. In the best case scenario, the urgency of establishing rules to limit possible ethical deviations and conflicts of interest is obvious.
It wouldn’t be a surprise if a CPI on the bank of the Vorcaro produced a lot of foam and little draft beer. However, any investigation is welcome. To what extent? May Heloísa’s law apply.
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