Brazil Police Raid Municipal Offices in Banco Master Pension Probe
Federal Police raided Campo Grande's municipal pension institute, a city secretariat and suspects' homes over roughly US$233,000 in municipal pension money placed in liquidated Banco Master. The raid is part of a national sweep of pension funds that invested in the failed bank. The post Brazil Police Raid Municipal Offices in Banco Master Pension Probe appeared first on The Rio Times .
Brazil’s Federal Police conducted search warrants in Campo Grande, Mato Grosso do Sul, as part of a pension probe targeting the city’s municipal retirement fund Banco Master. The investigation, named Operação Presciência, is examining around R$1.2 million (about US$233,000) invested in Banco Master, which was liquidated in November 2025.
Officers served the warrants at the Instituto Municipal de Previdência de Campo Grande (IMPCG), the social assistance secretariat, and homes of public servants, including the city’s vice-mayor Camilla Nascimento. The probe alleges reckless management and corruption in investment decisions. The investment was made in April 2024, and after Banco Master's liquidation, the fund recovered its investment through a judicial offset.
This operation is one of several across Brazil investigating Banco Master investments by municipal pension funds.
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