According to the Federal Police, these investments exposed the fund’s assets to high risk, something considered incompatible with the pension purpose of Rioprevidência, which requires security, liquidity, and prudence in the management of resources to guarantee the future payment of pensions
The bonds had long maturities, scheduled for 2033 and 2034, which contradicted basic principles of responsible pension fund management.
The investigation was opened in November 2025, based on an audit report from the Secretariat of Public and Supplementary Pension Schemes, linked to the Ministry of Social Security, which identified evidence of problems in these operations.
The Federal Police are investigating possible crimes against the National Financial System, such as fraudulent management, misappropriation of funds, misleading public administration, fraud against oversight or investors, criminal association, and passive corruption.
In today’s operation, four search and seizure warrants were executed in Rio de Janeiro, issued by the 6th Federal Criminal Court.
Police are searching for documents, electronic devices, and other materials that may help clarify how these investments were authorized, who made the decisions, and whether there were irregularities or favoritism.
This case is part of a larger context involving Banco Master, which is already facing other investigations and has entered extrajudicial liquidation ordered by the Central Bank.
The Federal Police action represents a new line of inquiry into how pension funds were diverted to high-risk investments, directly affecting the financial security of thousands of retirees and pensioners in the state of Rio de Janeiro.
The investigation is ongoing to identify responsibilities and potential losses to the fund.
Published in 01/23/2026 16h38
Text adapted by AI (Grok) and translated via Google API in the English version. Images from public image libraries or credits in the caption.
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