Atlético announce Daniel Vorcaro suspended after police operation | OneFootball

Atlético officially announced on Wednesday (26) the removal of Daniel Vorcaro from the Board of Directors of the alvinegra SAF. Owner of 20.2% of the shares through Galo Forte FIP, the banker was arrested last week by the Federal Police during Operation Compliance Zero, which investigates suspicions of financial crimes involving the issuance of fake credit securities by institutions of the National Financial System.

According to the PF's general director, Andrei Rodrigues, the fraud involving Banco Master — an institution owned by Vorcaro — could reach R$ 12 billion. The investigation is ongoing.

In an official statement, Atlético stated that the decision to remove him stems from “publicly known facts that created impediments to the regular exercise of his functions, as provided in the internal governance rules”. The club also informed that Vorcaro's seat on the Board of Directors will remain vacant until the General Meeting of Shareholders deliberates on the case.

Shareholding Structure of Atlético's SAF

The shareholding structure of the alvinegra SAF is currently divided as follows:

The removal marks the latest chapter of a crisis that directly affects one of the main investors of the SAF. Until the shareholders' new deliberation, the Board continues with an open seat amid the progress of federal investigations.

According to Atlético, the decision to remove Vorcaro took place in an Extraordinary Assembly held on November 21.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.