Americanas Billionaire Trio Faces Possible Brazil Congress Probe
- Enough lawmakers back an investigation into troubled retailer
- Former Americanas CEO also testifying at securities regulator
An Americanas store in Brasilia on Jan. 21.
Photographer: Gustavo Minas/BloombergThis article is for subscribers only.
Prospects of a confrontation between Brazil’s congress and the billionaire shareholders behind Americanas SA are growing as enough lawmakers have signed a petition to start an investigation into the financial collapse of the troubled retailer.
A request to launch the probe received the support of 187 lower house representatives by Wednesday, more than the 171 needed, Andre Fufuca, the lawmaker collecting signatures and a close ally of Speaker Arthur Lira, said in an interview.