The Federal Police (PF) launched Operation Take Over this Wednesday, 10th. to investigate irregularities in the management of resources from the pension fund for public servants in Paulista, in Pernambuco, in the metropolitan region of the capital Recife. According to the investigation, R$3 million would have been directed to high-risk investments at Banco Master in violation of legal standards and governance rules.
Estadão asked the Paulista pension fund for a statement. The space remains open.
In total, the agents carried out ten search and seizure warrants in Recife, in the municipality of Paulista, and in Rio de Janeiro.
According to the PF, the link between the pension fund and the Master was identified based on the exchange of emails between a commercial advisor at Daniel Vorcaro’s banktarget of searches in Rio de Janeiro, and members of the management of the PreviPaulista pension institute.
The PF investigations indicate that strategic decisions about investments would have been taken in isolationwithout observing the security, liquidity and transparency criteria required for investments of public pension resources.
Paulista is a municipality bordering the north of the capital of Pernambuco, part of the metropolitan region of Recife. The city is located approximately 18 km from the center of Recife and has an estimated population of 365 thousand inhabitants.
The investigation has so far reached the management of PreviPaulista and the first layer of resource movement. The PF seeks to clarify whether there was reckless or fraudulent management, in addition to investigating possible crimes against public administration and the financial system.
Investigators also try to identify possible payments of undue advantages to pension fund managers.
