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Brazil’s Police Launches Second Phase of Probe Into Americanas

Brazil’s Police Launches Second Phase of Probe Into Americanas
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Consumer Brazil’s Police Launches Second Phase of Probe Into Americanas Brazil’s Federal Police and federal prosecutors launched the second phase of a probe that previously targeted Brazilian retailer Americanas SA, deepening an investigation into alleged accounting fraud, according to a statement on Thursday. The police are executing nine search and seizure warrants, including personal searches in Rio de Janeiro and São Paulo, with mandate to seize assets and funds of suspects in up to 54...

Consumer Brazil’s Police Launches Second Phase of Probe Into Americanas Brazil’s Federal Police and federal prosecutors launched the second phase of a probe that previously targeted Brazilian retailer Americanas SA, deepening an investigation into alleged accounting fraud, according to a statement on Thursday. The police are executing nine search and seizure warrants, including personal searches in Rio de Janeiro and São Paulo, with mandate to seize assets and funds of suspects in up to 54 billion reais ($10.3 billion), the statement said. [Image text:] mu-mu nut Morayo UUMMO americanas
Brazil (LOCATION) Police Launches (ORG) Federal Police (ORG) Brazilian (ORG) Americanas SA (ORG) Rio de Janeiro (LOCATION) São Paulo (LOCATION)
Originally published by Bloomberg Markets Read original →