The now former CEO of Americanas, Sergio Rial, said this Thursday (12) that the problem that resulted in R$ 20 billion in inconsistencies in the company’s balance sheet has been going on for about 7 to 9 years. Rial participates in a closed meeting with BTG Pactual clients.
He also stated that the company will need capital and that, for that, the reference shareholders have already been contacted and they have shown commitment to the retailer.
Rial stated that the inconsistency in the balance sheet is related to “drawn risk that was not posted as debt”.
“The BRL 20 billion is the best estimate of what we saw in 9 days, not confirmed by an audit”, added the executive.
According to him, these inconsistencies in the way of reporting the “supplier account” are not just a problem at Americanas, but have been dragging on since the 1990s in the sector, due to different ways of reporting this item.
Source: CNN Brasil
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