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Rio Pension Fund Under Investigation Amid Banco Master Scandal

1/24/2026

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Summary

Story summary

Rioprevidencia, the Rio de Janeiro pension fund, faces warrants by Brazil's federal police linked to Banco Master.
The investigation centers on 970 million reais in Banco Master financial bills, now liquidated after a liquidity crisis.
Rioprevidencia states that a court ruling protects it and will recover the investment within two years.
The Banco Master scandal has affected 1.6 million creditors and 41 billion reais in deposits.

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Story summary

Rioprevidencia, the Rio de Janeiro pension fund, faces warrants by Brazil's federal police linked to Banco Master.
The investigation centers on 970 million reais in Banco Master financial bills, now liquidated after a liquidity crisis.
Rioprevidencia states that a court ruling protects it and will recover the investment within two years.
The Banco Master scandal has affected 1.6 million creditors and 41 billion reais in deposits.