Operation investigates possible irregularities in investments by the Amazonas pension fund
The (Federal Police) launched Operation Sine Consensu this Friday (March 6, 2026) to investigate possible irregularities in the management of resources from the Amazonas State’s Own Social Security Regime. The action is supported by the (Ministry of Social Security).
The investigations focus on investments made from June to September 2024 by the state employees’ pension fund, known as . According to the PF, around R$390 million would have been invested in Letras Financeiras from private institutions in violation of governance standards and federal rules that regulate investments of social security resources.
The investigations also identified signs of irregularities in internal procedures, in addition to financial transactions considered atypical related to the applications. In total, federal police officers carried out 7 search and seizure warrants, in addition to legal measures that determined the removal of public officials from their duties during the investigations.
According to the PF, the facts investigated could constitute crimes of reckless management and corruption. The operation seeks to gather documents, financial records and other elements that assist in determining the responsibility of those involved in the application of the State’s social security resources.
According to the an audit by the Ministry of Social Security identified 5 operations considered suspicious. Among them, an investment of R$50 million in Banco Master, carried out in June 2024.
Applications were also identified in Banco Daycoval, BTG Pactual and C6 Consignado. In some cases, the applications would have been made without formal approval from the board or the Investment Committee and even with banks not accredited by the MPS.
