Overview
- Rio’s 2nd Public Finance Court ordered consignado flows retained in an exclusive account to safeguard roughly R$970 million tied to the fund’s letras financeiras.
- The decision bars Banco Master and PKL One from collection or negative credit actions against state servants during the case, as the judge cited the extraconcursal nature of pension resources.
- Rioprevidência invested more than R$2.6 billion with Master-linked entities, including R$960 million in unsecured LFs, and at one point had about a quarter of applied assets exposed, TCE-RJ found.
- The government removed interim investments director Pedro Pinheiro Guerra Leal after prosecutorial recommendations, and the TCE sought explanations from president Deivis Marcon Antunes, ex-director Euchério Lerner Rodrigues, and committee representatives Robson Luis Barbosa and Gustavo Alves Tillmann.
- Authorities say retiree payments remain unaffected as the state attorney’s office forms a working group, investigations by the MP and Federal Police continue after the Central Bank’s liquidation of Master and the arrest of its president, and Alerj set a Dec. 5 hearing on the impacts.