Brazil's Securities and Exchange Commission (CVM) assembles task force to investigate fraud by Lemann, Sicupira, and Telles at Americanas.
The CVM (Brazilian Securities and Exchange Commission) has made available a dedicated reporting channel for this case, and the investigation will have the collaboration of the Federal Police and the Federal Public Prosecutor's Office.
247 - The Brazilian Securities and Exchange Commission (CVM), the agency responsible for regulating, standardizing, and overseeing the securities market, has assembled a task force to investigate the fraud perpetrated by billionaires Jorge Paulo Lemann, Carlos Alberto Sicupira, and Marcel Telles at Americanas.
The CVM has made available an exclusive reporting channel for the Americanas case.
The material will be analyzed by the task force. The investigation will involve collaboration from the Federal Police and the Federal Public Prosecutor's Office.
"Accounting inconsistencies" amounting to R$ 20 billion were found in Americanas' financial statements, revealing a scandal at the company e It severely affected the financial market..
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