PF investigates fraud in the four nation's largest pension funds

The court ordered the assets and resources of goods lock in bank accounts in the amount of approximately R $ 8 billion.
05/09/2016 09h37 - Updated 6/09/2016 10h01
Photo: reproduction

Federal police broke out on the morning of Monday (5) Operation Greenfield, investigating reckless and mismanagement of crimes in four of the country's largest pension funds: FUNCEF, Petros, Previous da Petrobras and postcards. The operation has the technical assistance of the Federal Public Ministry, National Superintendency of Pension Funds and the Securities and Exchange Commission (CVM).

altogether, 560 Federal Police officers meet 127 warrants issued in the states of São Paulo, Rio de Janeiro, Bahia, Holy Spirit, Rio Grande do Sul, Paraná, Santa Catarina and Amazon, and the Federal District. The court also ordered the seizure of assets and blocking of assets and resources in bank accounts 103 individuals and companies that are targets of the operation, not approximate value of R $ 8 billion.

According to the PF, investigations began from ten cases investigated revealed that billionaires deficits in pension funds. Among the ten cases, eight are related to investments made recklessly or fraudulently by pension funds, through FIPs (Investment funds in Equity).

During investigations, They identified a business core, a leading core pension funds, a core of appraisal companies of assets and a core of managers and administrators of FIPs.

The investigated account for reckless or fraudulent management, and other crimes against the national financial system, provided for in Law No. 7.492/86.

In Brasilia are met 20 search and seizure warrants, six coercive conduct and five temporary detention. In the state of Sao Paulo, Justice issued 46 search and seizure warrants, 18 Coercive conveyances and a temporary prison to be served in capital, Santos and Campinas. In the state of Rio, operation fulfills 31 search and seizure warrants, eight coercive conveyances and a temporary prison.

In Old Town, the Spirit Holy, the operation fulfills a command of search and seizure and a temporary detention. In Bahia, They were issued a warrant for search and seizure and a forceful in Salvador and a search and seizure in Ilheus.

The court also issued a warrant for search and seizure in Curitiba, Parana; three search and seizure, a forceful and a temporary prison in Florianópolis, Santa Catarina; and two search and seizure and a forceful in Porto Alegre, in Rio Grande do Sul. Lastly, in the north the police fulfills two search warrants in Manaus, not Amazonas.

The number of sent differs in absolute terms the total number of targets that multiple targets were met measured at more than one address.

Source: Agency Brazil

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