By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The Federal Police in Brazil issued 147 warrants and ordered the seizure of assets of persons accused of mismanagement of funds in four of the country's largest pension funds: Funcef (Caixa Economica), Petros (Petrobras), Previ (Banco do Brasil) and Postalis (Brazilian Postal Service). The losses to these funds are said to be over R$8 billion.
The operation dubbed Greenfield was started Monday morning and police have already seized R$350,000, US$100,000 and €$50,000, as well as works of art, jewelry and luxury vehicles.
In . . .