Documents from the Federal Police investigation into the investments made by Amapá's Pension Institute (Amprev) in Master Bank show that these actions were executed while disregarding significant risks and warnings. The report indicates that the officials under investigation had specific roles aimed at facilitating these investments, totaling four hundred million reais in assets from Master Bank in less than twenty days. This pattern of organized criminal activity is laid out in detail throughout the police intelligence reports and accompanying documentary evidence.

The Federal Police identified José Milton Afonso Gonçalves, a council member at Amprev, as the intellectual mastermind and primary organizer behind these transactions within the Investment Committee. The allegations hinge on the suggestion that Gonçalves and his associates actively ignored proper investment protocols. Furthermore, the lack of due diligence in preferring an underperforming bank over more reputable ones raises serious questions about governance and fiduciary responsibility.

As the investigation unfolds, it raises broader implications for accountability in public investment strategies and the safety of pension funds. Should these allegations be confirmed, it could result in significant repercussions not just for those directly implicated, but also for regulatory entities overseeing public financial institutions in Brazil, potentially prompting reforms or stricter governance guidelines to protect pension assets from such reckless management.