Americana (AMER3) Confirms Delivery of Judicial Recovery Plan and Posts Public Notice with List of Creditors

Retail crisis

The Americana crisis began in January of this year, when the company discovered discrepancies worth billions in accounting entries.

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Jun 19, 2023 1:29 PM – Updated 2 hours ago

Americana facade (Photo: Tânia Rêgo/Agência Brasil)

Americanas (AMER3) has published a notice listing the company’s creditors and affiliates (JSM Global, B2W Digital Lux, and ST Importações). The list is available as a document on the company’s website.

The notice also contains confirmation of the delivery of the Group Judicial Recovery Plan, which has already been submitted by the trustee on March 20, 2023 to the Fourth Business Court of the Judicial District of the State of Rio de Janeiro.

And the company stated that, starting from Monday, the nineteenth of the month, the legal deadline for submitting applications to the Judicial Recovery Court, appeals in the list of creditors, and 30 days for submitting objections to the judicial recovery plan.

Americana’s crisis began in January this year, when the company discovered billions in discrepancies in accounting entries, leading to the departure of then-president, Sergio Real, the only person the Brazilian Securities Commission (CVM) has investigated so far.

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This month, the company revealed documents indicating that the company’s financial statements had been subject to fraud by the previous board of directors, resulting in a billionaire hole in the company currently under judicial recovery.

The company’s report refers to the involvement in the scam of former CEO Miguel Gutierrez and six other directors and executives, all of whom are already cut off from the company. The defense of former director José Timócio de Barros stated that the material truth from Americana See Discoveries “contains lies and makes accusations that need to be proven.”

The evidence available so far, according to the company, does not include the board of directors or shareholders, including references Jorge Paulo Lehmann, Marcel Telles and Carlos Alberto Secubera.

According to the company’s president, Leonardo Coelho Pereira, last week, another 30 people involved in the fraud were in the process of being fired.