Home Banking Federal Prosecutor’s Office focus on corruption web at Caixa Economica Federal

Federal Prosecutor’s Office focus on corruption web at Caixa Economica Federal

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Brazilian prosecutors have demanded Caixa Economica Federal (CEF) to replace  all it vice presidents – most of them political appointees – due to suspected “irregularities” at the state bank.

CEF has been under the Federal Prosecutor’s Office investigation for a long time, as evidences of corruptions abound. A Federal Police investigation (Operation ‘Cui Bono’) in January 2017 identified links involving former Geddel Vieira Lima – a former minister in President Temer’s cabinet – in illegal practices.

Last September Vieira Lima was arrested former on new charges after a corruption probe found his fingerprints in bags hiding more than 51 million reais ($16.52 million) in cash.

In January 2017 the Federal Police raided homes and offices in another corruption investigation, related to loans that state bank Caixa Econômica Federal extended to meatpacking, finance, toll road and real estate firms between 2011 and 2013.