Caixa manager arrested in R$ 7.6 million fraud investigation in Bahia

The Brazilian Federal Police launched ‘Operação Tântalo’ to investigate a suspected fraud against Caixa Econômica Federal involving more than R$ 7.6 million. The operation took place in Nova Viçosa, in the extreme south of Bahia.

A manager from a branch in the Posto da Mata district was placed under preventive arrest. Authorities also executed search and seizure warrants in the municipality, seizing documents and electronic devices for analysis.

Investigators suspect the manager used his professional position to facilitate fraudulent banking operations. The investigation is looking into the irregular opening of accounts, the insertion of false information into computer systems, and the fraudulent contracting of credit operations. There are also suspicions that funds were improperly transferred for the suspect's personal benefit. The Federal Police are working to trace the destination of the diverted funds and determine if other individuals were involved.