It is estimated that municipalities in the State have invested more than R$200 million in the financial institution
O state deputy Paulo Fiorilo (PT-SP) sent letters to the Public Ministry of São Paulo (MPSP) and the Court of Auditors of the State of São Paulo (TCE) asking for information about possible losses in Social Security funds in cities in the State of São Paulo that made investments in the Banco Master.
According to the parliamentarian, “São Paulo municipalities invested around R$ 218 million in these titles”, which “after the by the Central Bank, became unavailable, generating risk of material financial losses”. For Fiorilo, the movement “could affect the payment of retirement and pensions for municipal employees and put pressure on the finances of city halls, which are legally responsible for covering any insufficiencies in the Own Social Security Regimes (RPPS)”.
The state deputy draws attention to investments in the cities of São Roque, Cajamar, Araras, Santo Antônio de Posse and Santa Rita d’Oeste, which invested, in Master, amounts ranging from R$93 million and R$87 million in the first two municipalities, to R$2 million in Santa Rita d’Oeste. These securities are linked to Letras Financeiras, which are not covered by the Credit Guarantee Fund (FGC).
Therefore, Paulo Fiorilo asks the MPSP to inform:
1. If there are ongoing procedures, investigations or actions regarding the case;
2. Whether the conduct of managers, RPPS councils and other responsible parties is being analyzed, in accordance with the rules of the National Monetary Council;
3. If there is an investigation into the participation of consultancies, advisors or financial intermediaries, including regarding conflicts of interest or irregular commissions;
4. Whether an assessment was made of the possible loss to municipal coffers resulting from these investments.
According to him, the objective is check the regularity of applicationsdetermine responsibilities and understand the fiscal and social security impacts for the municipalities involved. “This is a serious situation that needs to be investigated rigorously and, in the end, punish those responsible”, he told the column, about the Master case.
*This text does not necessarily reflect the opinion of Jovem Pan.
