CPI of São Roque Prev hears witnesses in seventh meeting The Federal Police denied the possibility of Daniel Vorcaro's testimony to Master's CPI, from São Roque (SP), which is investigating investments by the city's pension institute in the bank liquidated by the Central Bank, in 2025. São Roque Prev invested R$90 million in the bank. The denial of a hearing with the banker who is under arrest was reported this Tuesday (9) during the seventh meeting of councilors investigating the case. The Banco Master crisis culminated in the liquidation ordered by the Central Bank in November last year and the arrest of Daniel Vorcaro, owner of the bank. 📲 Join the g1 Sorocaba and Jundiaí channel on WhatsApp According to the councilors who make up the CPI, the PF's refusal was informed by email sent to the Legislature. Now, according to parliamentarians, the attempt to hear the banker will be made via the Federal Supreme Court (STF). Participation would be done remotely. Image of Daniel Vorcaro in prison Reproduction This Tuesday (9), the member of the Deliberative Council of São Roque Previ Lizete de Fátima was heard. She said in her statement that she did not remember signing two minutes of the institute, one that authorized the investments and another that talked about the risks. Both minutes were presented to her during the hearing and she said she only remembers the one that gave approval for investments in the bank, saying that there were no risks. Rosana Teixeira, who was also part of the institute at the time of the investments, was also expected to give a statement. Work resumed after a week and should continue for at least another two weeks. Recommendation-based decision Federal Police deny Daniel Vorcaro's testimony to the CPI of the Master of São Roque (SP) Reproduction/TV TEM In the previous hearing, a former counselor at the institute stated that the decision to invest R$93 million in Banco Master was based on the recommendation of a consulting company, which pointed out the possibility of greater profits. Solange Siqueira Duarte Silva was part of the board in 2024, the year in which the investments were made. According to her, a consultancy presented a comparison showing that Banco Master could yield a greater profit for the institute, which justified the seven applications made within a six-month interval. What is the CPI investigating? The CPI was opened after the Banco Master crisis, which led to its liquidation ordered by the Central Bank in November last year. The owner of the institution, Daniel Vorcaro, was arrested. With the liquidation, all operations were stopped and a liquidator was appointed. The majority of customers received reimbursement from the Credit Guarantee Fund (FGC), within the limit established by law. The investigation is into the application of resources from the municipal employees' pension fund. The focus is to understand why high-risk investments were made in institutions that already had problems. The main points of the investigation are: Suspicious investments: the purchase of R$93 million in Letras Financeiras from Banco Master; Possible conflict of interest: the activities of a consultancy company (Crédito & Mercado) which, at the same time, only provided legal technical opinions and was responsible for implementing good management standards; Suspicion of minute tampering: the existence of two versions of an Investment Committee meeting minutes, with opposite conclusions regarding Banco Master's risk assessment; and Atypical transactions: investment and redemption operations involving millions of reais carried out on the same day, with gross transactions reaching R$446 million in a single month (August 2024). See more news from the region on g1 Sorocaba and Jundiaí VIDEOS: watch TV TEM reports