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Sunday, February 5, 2023
HomeEconomyMP de Contas asks CVM for oversight in Americanas

MP de Contas asks CVM for oversight in Americanas

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The Public Ministry of Accounts with the TCU (Union Court of Accounts) sent a representation so that the court investigates possible deviations of purpose at the CVM (Securities Commission).

The request was made by the deputy attorney general Lucas Rocha Furtado with the TCU this Tuesday (17) after the former president of Americanas Sergio Rial revealed the existence of accounting inconsistencies of R$ 20 billion in the company’s balance sheet.

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“The objective is to supervise. That’s all. A billions of mistakes put a big flea behind the ear”, said Furtado to Sheet.

In the document, the sub-prosecutor asks the court to assess whether there was “an omission in the inspection by the CVM with regard to the alleged fraud scheme that occurred by the company Americanas and reported by Banco BTG Pactual”.

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The bank filed a lawsuit in court charging a debt of R$ 1.9 billion and raised the suspicion of fraud in credit operations carried out by the company that left it in this situation.

The operations, which involved banks other than BTG, allowed the company to purchase goods from suppliers in installments, paying interest. In total, around BRL 20 billion in transactions of this type over the last few years were not correctly recorded.

The company’s shares melted after the problem became public and the company’s credit was restricted, something that could jeopardize the survival of the business.

The problem was revealed by the former president of Americanas Sergio Rial, who left the position along with the director of investor relations, Rafael Crove, nine days after taking the post.

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