Federal Police Target Rio Pension Fund Amid Banco Master Probe
Federal police conducted searches at Rioprevidencia over 970 million reais in Banco Master securities, prompting leadership changes.
Insights:
Brazil's federal police executed search and seizure warrants against the Rio de Janeiro state pension fund, Rioprevidencia, on January 23, 2026. The operation is part of an ongoing investigation into approximately 970 million reais in financial bills issued by Banco Master. The bank was closed by Brazil's central bank in November 2025 due to a liquidity crisis and regulatory violations.
