Daniel Vorcaro, a banker linked to the Master Bank, has announced that he will not attend the upcoming parliamentary inquiry (CPMI) into the National Institute of Social Security (INSS) scheduled for next Monday, which raises concerns among officials investigating pension fraud. The inquiry aims to examine discrepancies related to pensions and retirement payments, with a particular focus on the contracts tied to loans taken by retirees from his bank, which was liquidated by the Central Bank in November of the previous year.

The decision for Vorcaro not to attend stems from the complexities of his current legal situation, particularly following the release of a key figure, André Mendonça, which some officials claim reduces the necessity for Vorcaro's testimony. Lawmakers, including CPMI Vice President Delegate Duarte Jr., have expressed that Vorcaro has significant connections with various parliamentarians and that his appearance could potentially disrupt the political landscape, indicating that his absence might be more aligned with political interests than judicial transparency.

Vorcaro is under scrutiny due to his involvement in the Operation Compliance Zero, which investigates a billion-dollar scheme involving financial fraud related to the sale of titles. His non-appearance is raising red flags among investigative bodies as they attempt to untangle the web of corruption that potentially involves high-ranking officials and institutions. The inquiry continues as a crucial step in addressing the fraudulent activities that have roiled Brazil's pension system, putting the spotlight on accountability and the integrity of financial institutions within the country.