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SAO PAULO (AP)– The previous chief executive officer of Brazilian retail gigantic Americanas, Miguel Gutierrez, was jailed Friday in Madrid, charged of taking part in a 25 billion reais ($ 4.5 billion) fraudulence plan.
Brazil’s Federal Authorities included his name to Interpol’s red notification checklist after establishing the firm misstated economic outcomes to pump up capital and synthetically improve the firm’s supply. Previous supervisors devoted fraudulence by progressing repayments to vendors via car loans, participating in market adjustment, expert trading, criminal organization and cash laundering, according to a declaration from detectives.
The probe started in January 2023 after Gutierrez’s follower took control of as chief executive officer and quickly revealed a cash money deficiency of 20 billion reais ($ 3.6 billion).
Gutierrez’s legal representative informed the neighborhood press that his customer has actually accepted authorities and rejects any type of participation in the fraudulence plan.
Gutierrez, that is likewise a Spanish resident, signed up with Americanas in 1993 and held numerous placements, acquiring the trust fund of stakeholders Carlos Alberto Sicupira, Marcel Telles and Jorge Paulo Lemann– a multi-billionaire and Brazil’s 2nd wealthiest individual.
Federal district attorneys claimed that the firm’s board has actually accepted the examination by supplying details concerning the fraudulence plan.
Brazil’s federal government has yet to get an extradition ask for Gutierrez from the court. Brazil authorized an extradition treaty with Spain in 1988, stating that each nation might reject to extradite its very own nationals. The Spanish nationwide cops neither verified neither rejected the apprehension.
On Thursday, the Brazilian Federal Authorities performed 15 apprehension warrants and search and seizure orders for various other previous Americanas supervisors in Rio de Janeiro and confiscated their possessions. Lemann, Sicupira and Telles were not consisted of in this cops raid.
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