Maranhão authorities freeze R$ 621 million in corruption probe

The Public Ministry of Maranhão has launched Operation Faenerator to investigate a criminal scheme involving money laundering, loan sharking, and the diversion of funds from public contracts and works in Imperatriz. Authorities have secured a court order to freeze up to R$ 621.4 million in assets and values belonging to the suspects.

Investigators allege that the group provided high-interest loans, with rates reaching 4% per month, to construction companies contracted by the municipality. These transactions were reportedly kept outside the formal banking system using checks and promissory notes. One notable finding involved a dental clinic that declared a monthly revenue of approximately R$ 13,000 but moved R$ 143.8 million between 2019 and 2024.

The group is accused of using various methods to circulate funds, including PIX transfers, fractional deposits, and cash withdrawals. The illicit money was allegedly used to purchase luxury vehicles, aircraft, helicopters, boats, and rural properties. The investigation, which covers activities dating back to 2017, also indicates that funds were used to cover personal expenses for public agents and politically exposed persons.