Operation Saturno Takes Banco Master to Brazil’s Top Court
Operation Saturno, a São Paulo police investigation into drug trafficking and money laundering, has reached Brazil's Supreme Federal Court, with alleged links to Banco Master and pension fraud. The post Operation Saturno Takes Banco Master to Brazil’s Top Court appeared first on The Rio Times .
A São Paulo police investigation into drug money and frauds involving Banco Master has been elevated to Brazil's Supreme Federal Court. Known as Operation Saturno, the inquiry began in 2024 and involves the São Paulo civil police. The investigation has uncovered connections between drug trafficking and frauds at Banco Master and the INSS pension system.
The alleged scheme involved the bank serving as a conduit for organized crime funds, but no court has ruled on the matter. The case documents cite Victor Henrique de Oliveira Shimada, a black-market currency dealer, but no court has ruled on his conduct. The investigation continues as Denarc, the São Paulo state narcotics investigation department, sought a financial intelligence report revealing a large money laundering scheme. However, no arrests or charges have been reported.
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