Bradesco accuses Americana of deception to protect the three shareholders

According to Americanas, former controllers of toy sales company Kabum!, represented by Warde Advogados, have hired Kroll to help draft a petition against Itaú BBA and Magazine Luiza in another case. Kroll is acting in Bradesco v. Americanas as a court-appointed expert, not as a bank-appointed expert. In the case of Kabum!, Warde Advogados states in the petition filed on Tuesday that the investigation firm was hired before the company entered into the process.

In the petition filed on Tuesday, Bradesco stated that the suspension of the request to produce evidence is a “desperate measure” by Americanas “to slow down investigations and prevent the release of compromising documents to the public.”

One sign, the bank says, is that Kroll has been working on the process since January of this year, but a request for comment was only made in September, after Microsoft said in records that it had sent copies of all of the bank’s emails. Those involved in the case.

Another is the release of an email from Eduardo Saggioro, chairman of Americanas and partner and former president of LTS, the holding company of the trio of shareholders.

In this email, Saggioro tells Beto Sicupira about the accounting methods for PAF (Supplier Advancement Programme) on the balance sheet. PAF, according to Bradescu, is another name for “capitalised risk”, a financial operation involving advance payments to a supplier that is seen as one of the assets of Americanas’ R$20 billion deficit.

Bradesco also cites the speeches of former Americanas CEO Miguel Gutierrez. In a statement to the CVM (Securities Commission), which UOL was able to reach, and in a letter to the CPI das Americanas in the chamber, Gutierrez said that the company is experiencing financial difficulties and will need an injection of R$8 billion to get it back on its feet.. He revealed About reporting problems to Secupira.