Billions Embezzled: Former INSS President Exposes Avoidable Fraud

Brazil's INSS rocked by billion-dollar fraud scandal. A recent interview with former INSS president Valdir Moyses Simão revealed details of a massive embezzlement scheme. Simão stated, "It's an avoidable fraud." He emphasized that better management could have prevented the losses. The scandal highlights concerns about INSS oversight and the impact on pensioners and social security. The government is taking steps to address the issue and ensure accountability. This is a crucial event for Brazil's social security system and its citizens.