Federal Police investigate suspected Mint fraud involving R$ 200 bill

Samples of paints sent by a public company are the subject of a complaint by the Public Prosecutor’s Office of São Paulo

Federal Police investigates suspected Mint fraud involving R$ 200 bill

The Mint may be investigated by the Federal Police for suspected fraud involving the making of the R$200 bill. According to a complaint filed by the Rio de Janeiro Public Prosecutor’s Office, the company allegedly provided ink samples of the new note in circulation in Brazil, as reported by the G1.

Thus, the Mint could have collaborated with the supply of material The News Spy related to the production of the R$200 note, by delivering paint samples to the company Sellerink.

However, the Mint says it is common to send samples of products between companies that can be considered suppliers. In defense of the accusations, the public company states that there is the „practice of sending samples.

Production of the R$ 200 bill
The production of the R$200 banknote is the responsibility of the Mint, a state-owned company that is responsible for most of the money currently in circulation in Brazil.

Thus, in order to produce banknotes such as the R$200, the state company carries out bidding processes that are restricted to some companies, such as Sellerink. But in the case of the R$ 200 note, it was Ceptis, a Swiss company that was responsible for supplying the ink for printing the new note.

According to the complaint, the Mint would have supplied samples of Ceptis inks to the company Sellerink. For the winning company, the supply of such samples to the competitor was to be considered illegal, according to the G1.

Central Bank should not withdraw R$200 bill from circulation, according to new opinion
According to the Mint’s spokesman, Alexandre Grilo, 16 ink samples of the R$ 200 bill were sent to the company Sellerink. Thus, the state company confirms that it sent the samples that led to the complaint filed by the Rio de Janeiro Public Prosecutor’s Office.

„It turns out that the samples were, in fact, sent. This letter does not deal exactly with these 16 samples. The letter is about sending inks because we are a public company and as a public company we need to develop suppliers“.

Ink sample
The new R$200 note officially went into circulation in Brazil on 2 September 2020. However, until then there were numerous problems related to the money that takes the maned wolf.

Initially, the Public Defender’s Office (DPU) asked for the new R$200 note to be withdrawn from circulation throughout Brazil, as reported by the Cointelegraph. The agency certifies that the banknote lacked accessibility in relation to its size, and could pay a daily fine of R$50,000 (US$50,000) if it remained in circulation.

However, the problem related to the ink samples of the R$200 note could result in a fraud that will be investigated by the Federal Police. Although the Mint claims that it is common to send ink samples for the production of banknotes, the National Coinsmen’s Union disputes this claim.

In an interview for the G1, Roni Oliveira said that problems in the production of the R$200 note cannot be solved with the delivery of samples as happened in the case of inks.

„There has never been this action of having a problem in the input of one company and taking samples of this same input to another company.