Brazil Minister Resigns Amid $1.1 Billion Pension Fraud
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Brazil's Social Security Minister, Carlos Lupi, resigned amid a massive $1.1 billion pension fraud scandal. Police allege unauthorized deductions from millions of pensioners' payments were funneled to associations and unions, then to corrupt officials. Operation No Discount has resulted in 211 search warrants, 700 agents involved, and the seizure of over $177 million in assets. Lupi denies wrongdoing but stepped down to allow investigations to proceed.
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