Analysis: What's missing for Vorcaro's plea to be accepted

Former banker Daniel Vorcaro, owner of Banco Master, seeks a plea bargain agreement, but faces significant resistance from the PF (Federal Police) and the PGR (Attorney General's Office). According to information gathered from those around Vorcaro, the negotiation would be contaminated by the country's political environment.

The predominant expectation is that Vorcaro will remain in prison at least until the end of the elections, which would still represent three or four months of detention at the Federal Police Superintendence or at the Papuda Penitentiary Complex.

PF dissatisfied with what was presented
The Federal Police demonstrates dissatisfaction with the second award-winning collaboration proposal presented by Vorcaro. The investigators' assessment is that he has not yet turned over all the information available - he has not provided all the details nor the volume of data that investigators would like to obtain.

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In light of this, part of those around Vorcaro are betting that the complaint will be forwarded by the PGR. An official response on acceptance or rejection of the new proposal was expected by the end of the week.

Vorcaro also adds to the material already presented. There is also the issue of approval by rapporteur André Mendonça, in the STF (Supreme Federal Court). In parallel, the Bahamian Court officially recognized the liquidation of Banco Master, a decision that facilitates the process of recovering the institution's financial assets abroad.

Two versions in dispute
CNN Politics analyst Caio Junqueira highlighted that there is a war of versions surrounding the case. On the one hand, those around Vorcaro maintain that the PF and PGR show unwillingness to close the agreement, due to political connections with the STF and the Palácio do Planalto.

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On the other hand, investigators claim that Vorcaro delivered little, that he is hiding resources and that he made little progress between one proposal and another. "He says he gave money for a contract, for example, but he doesn't say that that authority gave back any benefit from the exercise of his role", explained Caio Junqueira.

No external agent would have had direct access to the content of the proposals - everything that circulates comes from people who claim to have seen the documents.

Politicization and strategic calculation
The vice-president of Arko Advice, Cristiano Noronha, assessed that Vorcaro is trying to conduct the negotiation while preserving part of the resources, even though he promises to return a portion. "The fact is that a lot of people in Brasília are hoping that this plea deal doesn't come out, because it ends up saving a lot of people the hassle," said the expert.

He also pointed out that the wide network of relationships built by Vorcaro over the years would have operated to send signals that the denunciation would not be a good deal for him.

CNN anchor Thais Herédia highlighted that, for the award-winning collaboration to be accepted, the collaborator must confess to the crimes committed. According to her, this confession would be precisely one of the pieces that is still missing.

In addition, there are questions about the form of reimbursement - a figure of around R$60 billion would have appeared in the negotiations - and about the basis for calculating this amount. "It's a very fine line between what the authorities already have and can incriminate him against and what could turn in his favor over time", pondered Herédia.

Political climate changed in four months
The director of Journalism at CNN in Brasília, Daniel Rittner, recalled that, in January and February, when the first messages from Vorcaro's cell phone appeared and when the director general of the PF, Andrei Rodrigues, took a report to Edson Fachin citing a STF minister, the climate in the political world was one of "absolute panic".

Four months later, according to Rittner, this climate has changed significantly.

The succession of back and forth negotiations - changing lawyers, new proposals, additions - would have undermined, at least in the perception of the political environment, the potential impact of the plea bargain.

"All of this is giving a feeling of some relaxation that could be false", warned Rittner, noting that this relaxation could be a self-deception.

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Source: CNN