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Amprev Chief Resigns as Federal Probe Targets R$400 Million Banco Master Bet

Federal probes continue into a R$400 million Banco Master allocation flagged for governance failures.

Overview

  • Jocildo Silva Lemos asked to be relieved as director-president of Amapá Previdência, saying the move preserves the institution and supports independent scrutiny.
  • The resignation follows the Polícia Federal’s Operação Zona Cinzenta, which executed search-and-seizure warrants on Feb. 5 targeting Lemos and two Amprev investment committee members.
  • Investigators allege the trio pushed through high-risk purchases of Banco Master Letras Financeiras around July 2024 despite internal technical warnings and governance concerns.
  • Amprev maintains the investments complied with RPPS rules and says court orders preserved pension resources in a dedicated, court-controlled Banco do Brasil account.
  • The state prosecutor’s office is reviewing whether the allocations matched the fund’s policy, and reports note Lemos was appointed by Senator Davi Alcolumbre, who is not under PF investigation.