Prosecutors recommend replacing Caixa VPs
Brazilian federal prosecutors are recommending that state-run bank Caixa Economica Federal, which is the target of an ongoing investigation over irregularities, replace its 12 vice presidents.
The request sent to Caixa's management and to the office of Brazilian President Michel Temer came from prosecutors of the so-called greenfield task force, which is investigating irregularities at local pension fund Funcef and infrastructure investment fund FI-FGTS, a prosecutors' office spokesperson told BNamericas.
Additionally, in a document released publicly on Friday, federal prosecutors said they suspected the bank VPs were involved in illegal activity to benefit local port operator Rodrimar.
A Caixa's spokesperson confirmed that the bank received the prosecutors' request and that it will provide a response in the next few days.
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