Americanas Says Previous Management Team Committed Fraud
(Bloomberg) -- The previous management team at Brazilian retailer Americanas SA carried out fraudulent accounting practices and hid them from investors and the board of directors, according to a filing on Tuesday and comments from the current chief executive officer.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyUS Inflation Slows, Giving Room for Fed to Pause Rate HikesPutin’s Economic Forum
Source: yahoo.com
