Fachin returns inquiry into pension discounts to Mendonça and maintains Master case in the STF

On Thursday (29), the president of the Federal Supreme Court, Fachin, returned to Minister Mendonça the report of the investigation into illegal discounts on benefits for INSS retirees. At the same time, he kept in his custody the files of the Banco Master case, in which Daniel Vorcaro is being investigated. The order was published on Thursday, according to InfoMoney.

The decision reverses a previous movement. Fachin had taken on the role of rapporteur for both processes after Alexandre de Moraes asked for Mendonça to be included in the fake news investigation. According to Revista Oeste, the investigations had left Mendonça's office in September, in the midst of the STF's internal crisis. Times Brasil calls the operation No Discount.

According to what Times Brasil reports, the Master case files remain with the Presidency on an exceptional and provisional basis, for a maximum period of 90 days from September 12th. When returning the INSS case, Fachin stated that “there are, until now, no concrete and individualized elements” to keep Sem Desconto in the Presidency.

Two other points weigh on the case. According to InfoMoney, the Federal Police must deliver to Fachin, when ready, the report on the possible involvement of STF ministers with Vorcaro. The Attorney General's Office, in an opinion, states that there is no evidence of irregularity in Mendonça's conduct. Revista Oeste also reports that Moraes' name appeared in messages found by the PF on Vorcaro's cell phone. This excerpt is presented as a report of the publication, not as a conclusion of the investigation.

For the reader who invests, the central point is predictability. Defined deadlines, such as the 90 days in the Master case, and a report with a delivery date provide concrete references. But the succession of summonses and redistributions of processes reinforces the need for predictable rules to distribute and conduct investigations, especially when they may affect authorities. Legal security is a condition for long-term investment, and this applies both to the lawyer and to those who allocate capital.

What changes for the investor

In the facts found, there is no direct link between these decisions and prices, interest rates or exchange rates, and this article does not project a price reaction. The milestones to be monitored are the 90-day deadline for provisional custody of the Master case, the delivery of the PF report to Fachin and possible new redistributions of cases. When institutional uncertainty is prolonged, it usually enters the risk assessment of those allocating capital in Brazil, generally as a premium demanded by local assets, and not as an isolated event. This text is a context analysis and does not constitute a purchase or sale recommendation.

Automatically translated from Portuguese.