Fabiano Zettel, who is both a brother-in-law and financial operator for Daniel Vorcaro, the owner of Banco Master, conducted a series of financial transactions that saw R$ 40.9 million funneled to a church unit of the Lagoinha Baptist Church in Belo Horizonte. These transfers, totaling 54 in number, occurred between October 17, 2024, and January 2, 2025, as revealed by Zettel's bank statement submitted to the INSS CPI and obtained by Folha. The initial transfer amounting to R$ 2 million took place on the very first date, coinciding with the Lagoinha unit's establishment a month prior on September 10, 2024.

Zettel is recorded with the Federal Revenue as the president of the church, which ceased operations recently on January 15. His involvement as a volunteer pastor ended in November last year following the launch of the Compliance Zero operation aimed at the Banco Master. The timing of the financial exchanges raises questions about the church's operational integrity and Zettel’s role in potentially diverting funds amid legal scrutiny around the bank's operations.

The continued money transfers into January, shortly after the suspension of Zettel's church activities, suggest a possible connection between the financial dealings with the lagging church operations and the ongoing investigations surrounding Banco Master. Authorities are likely monitoring these transactions closely, as they forewarn of deepening implications not just for Zettel but also for Vorcaro and the banking institution they represent amidst a scandal that deals with compliance and transparency in financial dealings within religious organizations.