TCU Launches On-Site Audit of Correios Over Suspected Management Irregularities

Overview

• TCU’s technical team is conducting an in-person inspection through the end of November, with checks of documents, processes and physical facilities at the postal operator.
• The inspection’s scope covers delayed transfers to Postal Saúde, unpaid suppliers, undelivered donations to Rio Grande do Sul and possible improper transport of lithium batteries under ANAC rules.
• Auditors will scrutinize the R$7.6 billion debt-confession agreement with Postalis, the delayed release of last year’s financial statements, changes to reported cash balances and increased spending on sponsorships and legal services, including potential conflicts of interest.
• The court placed the matter on today’s plenary agenda after Correios presented a restructuring plan last week while pursuing a Union-backed R$20 billion loan to stabilize operations.
• Separately, TCU announced a task force to evaluate governance and finances at nine troubled state companies, with Correios highlighted for heightened oversight.