Brazil Freezes 119 Million Reais in INSS Fraud Case

Brazil Cracks Down on INSS Fraud: 119 Million Reais in Assets Frozen Brazil is taking decisive action against a widespread fraud scheme targeting its national social security system, the INSS. The Advocacia-Geral da União (AGU), the government's legal office, recently announced the freezing of 119 million reais in assets belonging to individuals and companies suspected of involvement in the scheme. This significant move aims to recover funds illegally obtained and return them to the rightful recipients—retirees and pensioners who have been victims of this fraud. President Lula, in a press conference, reinforced the government's commitment to punishing those responsible. "Who made a mistake will be punished," he stated, underscoring the seriousness of the situation. The investigation, detailed in a recent Jovem Pan News report, reveals a network of shell companies allegedly created for the sole purpose of committing fraud against the INSS. These companies are suspected of making payments to public officials to facilitate the illegal deductions. The report also highlights the lifting of bank and tax secrecy for the implicated entities and individuals. The AGU's action represents a significant step towards restoring trust in the INSS and ensuring that those responsible are held accountable. The recovery of 119 million reais is a substantial victory for the retirees and pensioners who have suffered financial losses due to this fraud. The ongoing investigation promises further developments in the fight against this type of crime.