Financial Scandal
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Pf targets amapá pension fund in banco master scandal
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The Federal Police launched an operation against Amprev, the Amapá public servants' pension fund, over irregular investments in Banco Master, liquidated for frauds. The entity's president-director, appointed by Senate President Davi Alcolumbre, was targeted in searches. The action highlights political connections in the scandal costing billions to public coffers.
Requests to create CPIs to investigate the Banco Master scandal have support from opposition, centrals, and even Lula government allies. There are three requests with sufficient signatures, but installation depends on Congress presidents' decision. The focus includes BRB negotiations and irregularities in investment funds.