[Brazil] Warrants served on PicPay and BRB in payroll fraud probe

In Brazil, public prosecutors have served search and seizure warrants on the digital lender PicPay and the state-run lender BRB, Devdiscourse reports.

The warrants are connected to a probe into an alleged payroll fraud scheme involving government employees in the Federal District. 

In its initial statement, Brazil's Federal District public prosecutors' office reportedly said warrants were served on PicPay, but did not mention BRB. It later confirmed that BRB was also a target. 

It has yet to provide further details on the payroll fraud probe. 

According to reporting from local outlet G1, the fraud scheme involved improper payroll deductions and saw more than 80 ⁠million reais ($15.6 million) withdrawn from ⁠employees' payslips.

In a statement, PicPay reportedly said that it does not acknowledge any irregularities in the transactions ⁠and rejects the allegation of improper charges. 

BRB said its role in the transactions under investigation is limited to processing deductions. It added that it does not participate in the contracting ⁠and is not responsible for determining the deductions. 

The state-run lender claimed that the investigations focused on the activities ⁠of BRB Servicos. The company is part of the BRB conglomerate but has separate functions from the lender.

Source: Devdiscourse

In Brazil, public prosecutors have served search and seizure warrants on the digital lender PicPay and the state-run lender BRB, Devdiscourse reports.

The warrants are connected to a probe into an alleged payroll fraud scheme involving government employees in the Federal District. 

In its initial statement, Brazil's Federal District public prosecutors' office reportedly said warrants were served on PicPay, but did not mention BRB. It later confirmed that BRB was also a target. 

It has yet to provide further details on the payroll fraud probe. 

According to reporting from local outlet G1, the fraud scheme involved improper payroll deductions and saw more than 80 ⁠million reais ($15.6 million) withdrawn from ⁠employees' payslips.

In a statement, PicPay reportedly said that it does not acknowledge any irregularities in the transactions ⁠and rejects the allegation of improper charges. 

BRB said its role in the transactions under investigation is limited to processing deductions. It added that it does not participate in the contracting ⁠and is not responsible for determining the deductions. 

The state-run lender claimed that the investigations focused on the activities ⁠of BRB Servicos. The company is part of the BRB conglomerate but has separate functions from the lender.

Source: Devdiscourse