By Carolina Pulice, Andre Romani and Gabriel Araujo
Top management at bankrupt Brazilian retailer Americanas slammed former executives, banks, and audit firms on Tuesday after a report by the company’s legal advisers alleged their involvement in “fraudulently altered” financial statements.
Later in the day, Americanas’ current top executive Leonardo Coelho assured lawmakers that board members were not among at least 30 people within the company he said were implicated in the financial scheme allegedly designed to hide its deteriorating balance sheet.
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