Binance under scrutiny in Brazil, exec summoned to testify before Congress.

Deputy Alfredo Gaspar, who is a member of the Brazilian Chamber of Deputies, has asked for Guilherme Haddad, the director of Binance Brazil, to be summoned to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry (CPI) investigation into alleged pyramid schemes in the country.

The request was made on June 21 and will be voted on by members of the CPI on June 27.

According to a translation of the Brazilian news outlet Portal do Bitcoin, if the vote is approved, Haddad will be summoned to appear before the Brazilian Chamber of Deputies. This is happening at a time when there is a global regulatory crackdown on the largest cryptocurrency exchange. Binance has faced scrutiny from authorities in the United States, France, the Netherlands, the United Kingdom and Brazil, underscoring international attention on the company.

The deputy also claimed that Binance was used by pyramid schemes in the country to facilitate asset transfers.

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He said:

“Hence, it is vital to understand Binance’s operations, its association with B Fintech, and its involvement with companies facing legal action for harming Brazilian consumers, as this strongly links Binance to the ongoing investigation.”

Authorities in the South American nation explained that the reason for the summons is due to the fact that the company is facing scrutiny from regulators worldwide. In Brazil, Binance is also being investigated by the Federal Prosecutor’s Office and Federal Police. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments.

Related: Binance, Binance.US and CZ allege SEC made ‘misleading’ statements on exchange assets

The Securities and Exchange Commission of Brazil has already been pressing Binance to stop offering Bitcoin futures products to Brazilian customers, according to a previous report from Portal do Bitcoin.

Binance did not immediately reply to a request for comment from Cointelegraph by the time of publication.

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