Investing.com -- Carlos Lupi, Brazil’s Social Security Minister, is anticipated to step down from his role this Friday, according to reports from Folha de S.Paulo newspaper which cites government sources.

This resignation comes in the wake of a comprehensive operation conducted by authorities against the social security agency INSS in the previous month. The agency is facing accusations of improper deductions from pensioners’ funds, amounting to more than $1 billion. The operation was a significant move against the agency, highlighting serious concerns about its management and operations.

The forthcoming resignation of Lupi adds a new chapter to the ongoing saga involving the Brazilian social security agency. Details regarding the successor to Lupi and the future course of the agency, amidst these allegations, remain uncertain.

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