The Public Ministry of Tocantins (MPTO) has initiated a civil inquiry to investigate the management of resources by the State Institute of Pension Management (Igeprev), specifically concerning investments in high-risk funds including those associated with Banco Master. This investigation aims to determine whether these investments complied with the safety, solvency, and liquidity regulations necessary for state pension funds.

The inquiry is being conducted by the 9th Public Ministry Office of the Capital, which focuses on protecting public assets. MPTO's scrutiny involves reviewing the financial statements of Igeprev and information about its investments in funds related to Banco Master. The inquiry was prompted by concerns regarding a significant volume of resources being allocated to funds not managed by major financial institutions, raising questions about the safety of these investments.

The focus on Igeprev's investment practices reflects a growing concern over the management of public pension funds in Brazil, as The study may reveal potential mismanagement or risky financial practices that could impact the financial security of the state pension system. If any irregularities are found, they could lead to broader implications for regulatory oversight and accountability in public finance management in Brazil.