Federal Police Target Amazonprev Over R$390 Million in Pension Investments

Overview

• - Seven search-and-seizure warrants were executed and three Amazonprev officials were removed from their posts for 90 days under a court order.
• - Investigators say roughly R$390 million was placed in letras financeiras from June to September 2024 in violation of federal prudential standards, with suspected crimes of reckless management and corruption.
• - A Ministry of Pensions audit flagged five operations: Banco Master (R$50 million in June 2024), Daycoval (R$50 million in August), BTG Pactual (R$40.7 million in September) and two at C6 Consignado (R$125 million each in September); the banks are not targets of the PF action.
• - Named targets include Claudinei Soares, Cláudio Marins de Melo and André Luis Bentes de Souza, with PF tracing about R$600,000 from ALFA A Consultoria to managers as trades were ordered without prior committee approval and sometimes split to bypass limits.
• - Amazonprev says it is cooperating and maintains that benefits are secure, citing a R$1.7 billion actuarial surplus and more than R$11 billion in assets, while authorities note letras financeiras lack FGC protection and recall Banco Master’s liquidation in November 2025.