Feb 19 • 17:52 UTC 🇧🇷 Brazil G1 (PT)

Renan Calheiros says Centrão maneuvers to dilute testimony of Vorcaro in the Senate

Senator Renan Calheiros claims that the Centrão is manipulating the scheduling of bank owner Daniel Vorcaro's testimony to lessen its impact on a Senate inquiry.

Senator Renan Calheiros from Alagoas has accused the Centrão, a coalition of centrist political parties in Brazil, of trying to dilute the testimony of Daniel Vorcaro, owner of Banco Master, by moving his scheduled hearing to the CPMI of the INSS (National Social Security Institute) ahead of a crucial session in the Senate's Economic Affairs Committee (CAE). This maneuver, he argues, is intended to limit the significance of Vorcaro's statements during the CAE's investigation into alleged irregularities and financial misconduct involving the bank.

Calheiros points fingers at key figures within the Centrão, including Artur Lira, Hugo Motta, and Ciro Nogueira, suggesting that their actions are driven by political interests that prioritize their regional power dynamics over accountability. Lira, when contacted, dismissed Calheiros’s remarks as reflective of a local dispute rather than substantive political maneuvering, indicating the complexities of relationships among senators concerning their respective influence.

The CAE aims to widen its inquiry beyond the specific focus of the CPMI, which is primarily investigating mismanagement related to loans linked to the INSS. This potential broadening of the investigation could have significant implications for Banco Master, which is under suspicion for its involvement in a billion-dollar fraud case. As the political tensions rise, the outcomes of these inquiries could heavily influence public trust in governmental financial oversight and regulation.

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