The CPI (Parliamentary Commission of Inquiry), responsible for investigating irregular reductions in benefits from the INSS (National Institute of Social Security), will try to use the testimonies of bankers, such as that of Daniel Vorcaro, owner of Master, to gain ground and return to work early next year.
The collegiate also intends to keep one of the sons of President Luiz Inácio Lula da Silva (PT) under investigation. Throughout the activities, members of the CPI management gained visibility on social networks. In 2026, this could translate into votes won before the electoral competition.
Next year, the focus is expected to be on consumer complaints about payroll deductible credit transactions, that is, loans whose payments are debited directly from the borrower’s source of income. Until the work stopped, the priority was irregular association discounts, carried out by entities which offer services to retirees in exchange for money, without prior authorization from customers.
The INSS CPI was installed on August 20 and will operate until March 28, 2026, but there will be no new activities this year or new sessions in January, when the Legislative Assembly is in recess.
At the last meeting of 2025, on Thursday (4), the board approved the summons of Vorcaro to testify. The breaking of the telematic, banking and tax secrecy of the owner of the Master was also approved, in addition to the request to the Coaf (Financial Activities Control Council) to establish a report on the banker’s transactions.
Vorcaro made national news for investigating an alleged fraud involving the major bank. His company was investigated by federal police over suspected credit portfolio irregularities, and the banker spent 11 days in prison.
At the CPI, the approved requests responded to consumer complaints regarding the bank’s payroll deductible credit transactions.
In addition to Vorcaro, the directors of the Daycoval, Pan, BMG, Agibank and Facta Financeira banks were summoned.
The president of the collegiate, Carlos Viana (Podemos-MG), said that the collegiate would carry out an evaluation of its work in February, when the 2026 legislative activities begin.
“If we understand that further hearings or declarations need to be made (to investigate the entities’ reductions), we will resume. If we understand that there are already enough grounds to close permanently, then we will turn to the banks,” Viana told Leaf.
“The main one is Master. The second, BMG, is the oldest and, naturally, the one who has carried out the most contracts,” underlined the senator.
Contacted by the report, Vorcaro’s defense stated that the Master had never acted in activities related to the objectives of the ICC.
BMG advisors said the bank operates in the payday lending market responsibly and in accordance with legislation. The institution also indicated that it would collaborate with the relevant authorities.
In recent months, the collegiate has experienced a sort of political division: the leadership of the CPI was chosen by the opposition, in a political formulation that surprised the Lula government, but the allies of the President of the Republic reorganized and began to gain votes.
The opposition to Lula within the CPI is trying to link the scandal of irregular pension reductions to the image of the President of the Republic. The names of Lula’s relatives are often mentioned during meetings.
The first target close to the president was José Ferreira da Silva, known as Frei Chico. Brother of Lula, he is vice-president of Sindnapi, one of the unions investigated in this affair. The government managed to block the trade unionist’s appeal in October.
At the last meeting of this year, the board of directors voted on a request to summon Fábio Luiz Lula da Silva, known as Lulinha. Planalto’s allies were also in the majority in this deliberation and managed to block the request.
However, the members of the CPI did not abandon Fábio Luiz. Hours before the vote, opponents were encouraged by a report from the Poder360 portal, according to which a witness said that the president’s son received an allowance from Antonio Carlos Camilo Antunes, known as “Careca do INSS”, one of the main defendants in the scandal.
The group opposed to Lula within the CPI hopes that federal police investigations will find evidence against the president’s son and enable a new attack. He also imagines that the investigations carried out by the collegiate on other people involved could reveal elements which incriminate him.
Lula’s allies protested the attention paid to Fábio Luiz on election day. “What we have seen is an attempt to create a factoid. No document (against Fábio Luiz) has been presented because there is no document,” said MP Paulo Pimenta (PT-RS), coordinator of government judiciary at the CPI.
Opponents in turn criticized the rejection of the request. “Lulinha is up to his neck in this ICC. That’s why they are trying to prevent Lulinha from coming here,” said MP Adriana Ventura (Novo-SP).
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