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A suspect threw this Wednesday a suitcase with 429,000 reais (about 70,000 euros) in cash through the window of a building, in the south of Brazil, upon noticing the arrival of the Police during a major anti-corruption operation.
The investigated person threw the suitcase from the thirtieth floor of an apartment registered in the tourist city of Balneário Camboriú, in the state of Santa Catarina (southern of the country), sources from the Federal Police indicated.
The action is part of the so-called ‘Paper Boat’ operation, which attempts to clarify crimes against the financial system committed with resources from RioPrevidência, the body in charge of managing the pensions of officials of the state of Rio de Janeiro.
The agents served two search warrants in the state of Santa Catarinaissued by Justice due to indications of “obstruction of investigations and concealment of evidence” by those investigated.
When the patrol arrived at the designated property in Balneário Camboriú, “one of the occupants threw the suitcase with cash from the apartment window,” according to the official version.
According to images released by the Brazilian Federal Police, the bills, 100 and 200 reaiswere scattered in a common area of an adjacent building.
The authorities recovered all the money and, in addition, two high-end vehicles, two mobile phones and documentation were seized.
The main mission of the Federal Police was precisely “to locate and recover the goods, valuables and objects removed from the apartment of the main objective of the operation that began on January 23.”
The ‘Paper Boat’ operation investigates irregularities in the acquisition of debt securities issued by Banco Master, liquidated on November 18 by the Central Bank of Brazil due to serious suspicions of fraud.
The investigation indicates that, between November 2023 and July 2024, RioPrevidência would have invested around 970 million reais at Master Bank.
The so-called ‘Master case’ has been uncovered as a major scandal that has affected politicians and judges of the Supreme Court, the instance where the investigation is being processed under judicial secrecy.
The Minister of Finance, Fernando Haddadeven referred to the case saying that “it may be the largest banking fraud” in the history of Brazil.
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