Sao Paulo – Sao Paulo (AP) – Brazil’s Federal Police said on Wednesday that they were investigating a project that had diverted 6 billion rays ($ 1.05 billion) from pensions provided by the National Social Security Institute.
The investigation was aimed at 11 companies operated between 2019 and 2024, authorities told reporters. This scheme was the retired retirement listed as members of the associations that collect parts of their monthly pension as the company’s fees. However, the retirees have never joined these national unions or have never allowed the exemption.
As part of the investigation, the president of the National Social Security Institute Alessandro Stefanto and other directors were removed from their position. The social security office does not immediately respond to the request to comment on the Associated Press.
Federal police said they seized 1 billion rays ($ 175.8 million) assets on Tuesday and issued arrest warrants for six people: three were arrested and three were still big.
It was not immediately known who the arrested persons were.
If the investigation finds adequate evidence, investigators may face corruption allegations as well as privacy violations, documents fraud, setting up a criminal organization and money laundering.
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