PF: Maceió pension fund invested R$97M in Master under JHC management

Brazilian federal police report alleges Maceió's social security institute (Iprev) applied R$97 million in Banco Master during JHC's mayoral administration, despite the bank lacking authorization for pension funds. The PF attributes responsibility to the then director-president of Iprev, indicating potential malfeasance. This adds to ongoing investigations into municipal financial management and could have political implications for JHC.