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Bolsonaro Film Producer Says 90% of Costs Funded by Investigated Banker
🇧🇷 Brazil /Culture & Society

Bolsonaro Film Producer Says 90% of Costs Funded by Investigated Banker

From Estadão · () Portuguese

Translated from Portuguese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The film 'Dark Horse,' produced by members of the Liberal Party (PL) to tell the story of former President Jair Bolsonaro, has incurred costs of approximately R$ 65.7 million (US$ 13 million).
  • Over 90% of the film's budget was financed by Daniel Vorcaro, former owner of Banco Master, who is under investigation for alleged financial fraud.
  • The producer claims Vorcaro acted as a fund intermediary, while Bolsonaro's son, Flávio Bolsonaro, has described Vorcaro as an investor and sponsor.

A controversial film project, 'Dark Horse,' intended to narrate the life of former President Jair Bolsonaro, has become embroiled in a financial scandal, with revelations that a significant portion of its funding originated from Daniel Vorcaro, an individual currently under investigation for massive fraud at Banco Master. The producer of the film, Karina Ferreira da Gama of GoUp, stated that the production has already cost around R$ 65.7 million (US$ 13 million), with over 90% of this amount allegedly financed by Vorcaro.

The film's budget already incurred is around US$ 13 million (the equivalent of R$ 65.7 million).

— Karina Ferreira da GamaStating the production costs of the film 'Dark Horse'.

This disclosure directly contradicts previous statements made by Flávio Bolsonaro, Jair Bolsonaro's son, who has consistently portrayed Vorcaro as a legitimate investor and sponsor of the film. The producer's assertion that Vorcaro acted merely as an intermediary for the funds, rather than a direct investor, casts a shadow over the film's financial backing and raises serious questions about the source and intended use of the money.

Vorcaro acted as an intermediary for the funds for the feature film, not as an investor.

— Karina Ferreira da GamaClarifying Daniel Vorcaro's role in financing the film.

Further complicating matters, the funds allegedly channeled through Vorcaro were reportedly routed via the Heavengate fund, based in Texas and managed by allies of Eduardo Bolsonaro, another son of the former president who is living in self-imposed exile in the United States. The Federal Police are investigating whether these funds were used to support Eduardo Bolsonaro, whose assets and accounts have been frozen by the Supreme Federal Court.

Flávio Bolsonaro, in interviews, cites Vorcaro as an investor and sponsor of 'Dark Horse,' not as an intermediary.

— EstadãoContrasting Flávio Bolsonaro's statements with the producer's claims.

While Flávio Bolsonaro maintains that the funds were solely for the film's production and denies any wrongdoing, the ongoing police investigation aims to trace the money's path. The shifting narratives surrounding Vorcaro's involvement—from investor to intermediary, and the potential diversion of funds—underscore the complex and sensitive nature of this case, which touches upon political financing, alleged fraud, and the financial activities of a prominent political family.

Flávio denies that Daniel Vorcaro's funds are being used for purposes other than the film's production.

— EstadãoReporting Flávio Bolsonaro's defense against allegations.
DistantNews Editorial

Originally published by Estadão in Portuguese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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