Master Case: Who are the PF's targets in the new phase of Compliance Zero

In the eighth phase of Operation Compliance Zero, launched this Tuesday (26) by the Federal Police, agents are investigating around R$3 billion transferred from RioPrevidência to Banco Master, owned by Daniel Vorcaro.

Through ten search and seizure warrants, the operation targets former governor of Rio de Janeiro Cláudio Castro (PL), Lava Jato whistleblower Ricardo Siqueira Rodrigues, and six other targets accused of facilitating the financial operation between RioPrevidência and Master.

Cláudio Castro
According to the document authorizing the operation, authored by the minister of the STF (Supreme Federal Court) André Mendonça, Castro would have a close relationship with Daniel Vorcaro, which facilitated investments of around R$3 billion from a State pension fund, RioPrevidência, in investment funds from Banco Master.

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"The former governor's activities were not limited to institutional contacts, but involved a close personal bond with the controller of Banco Master, characterized by frequent meetings, including in private environments and abroad, paid for by the banker, with a high temporal coincidence in relation to the billion-dollar contributions from RioPrevidência", points out the operation.

According to the PF investigation, it also shows that the alleged proximity of the targets made it possible to appoint managers who facilitated the investments. "This relationship would have enabled the necessary political alignment for the release of investments, as well as the strategic appointment of RioPrevidência directors in key positions [...], ensuring that decisions on accreditation and the application of pension resources were conducted in non-compliance with the investment policy and regulatory standards, but in line with the interests of Banco Master."

The search and seizure is also justified in the opinion due to the "continuity of applications even in the face of formal warnings from control bodies and unfavorable technical opinions, making it possible to maintain the flow of public resources for operations classified as reckless and lacking technical justification".

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Ricardo Siqueira Rodrigues, former Lava Jato
The PF representation classifies Ricardo Siqueira Rodrigues as the main person responsible for raising resources from the pension fund intended for investment in Financial Bills from Banco Master. The document also showed an exchange of messages between Rodrigues and Vorcaro:

"Daniel, I want to record here my gratitude to the entire team you have made available since November. We reached the established goal in just 45 days, the bank was the second largest LF [financial bill] raiser in this period and we have a pipeline for the first half of the year already in the final stretch of more than billion."

The PF also describes him as "articulator, fundraising and lobbyist, with an active role in identifying business opportunities and bringing Vorcaro closer to public authorities with decision-making power over their own pension schemes".

During the Lava Jato operation, of which he was a whistleblower in 2018, Rodrigues was considered by the PF to be the largest pension fund operator in the country.

In his statement, he denounced the practice of extortion by IRS auditors who approached those being investigated and charged extra amounts.

Other targets of the operation
Classified by the PF as members of the group of nominees who facilitated RioPrevidência's investments in Master's assets are:

- Deivis Marcon Antunes - the then director-president of RioPrevidência considered to have "core participation in the opening of the autarchy to the Master Bank"; PF, provided "direct technical support for all applications considered irregular";

The investigation considers that the then internal control and audit manager of RioPrevidência, Fernanda Pereira da Silva Machado, had the role of signing the certificate of fraudulent accreditation of Banco Master and the company Planner Corretora de Valores S.A., which is also the target of the operation and, according to the document, "served as a buffer or formal alibi for the irregularities already in progress, as well as leading to an increase in brokerage rates, with a potential increase in financial retribution to operators of fraud."

The company Mídias Promotora LTDA, also mentioned in the opinion, is linked to Ricardo Siqueira Rodrigues and "played a relevant role in the financial mechanism of illicit acts, acting as an instrument of operationalization and, in theory, of concealment and dissimulation of undue advantages resulting from the irregular collection of social security resources", points out the PF.

Cláudio Castro: PF investigates the contribution of R$ 3 billion from Rioprevidência to Vorcaro's bank | NEW DAY

Source: CNN