Federal Police Target Guedes in Investigation for Fraud in Government Pension Funds

Guedes is being investigated in the PF's Operation Greenfield for fraudulent actions from 2009 to 2013 that involved over R$1 billion in funds such as Previ, Funcef, Caixa, Petros, and Postalis.

RIO DE JANEIRO, BRAZIL - The investigation is one of the main priorities of Operation Greenfield, which uncovered more than one billion Reais of losses in Brazil's largest pension funds.

The case was disclosed in 2018, during the election campaign, when the Federal Prosecutor's Office (MPF) announced its investigation into suspicions that Paulo Guedes had teamed up with executives to commit fraud in deals with state-owned pension funds.

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