The accounting inconsistency of Lojas Americanas has been identified as one of the most serious episodes in the history of the Brazilian capital market.| Photo: Jonathan Campos/Gazeta do Povo.

The Justice of Rio denied on Monday (23) a request for suspensive effect by the Public Ministry of the State of Rio de Janeiro (MPRJ) and upheld the decision of Judge Paulo Assed Estefan, of the 4th Corporate Court of the Capital, to name Preserva -Action Judicial Administration and the Zveiter Law Office as judicial administrators of the process of judicial recovery of Grupo Americanas.

The accounting inconsistency of BRL 20 billion by Americanas has been pointed out as one of the most serious episodes in the history of the Brazilian capital market.

The decision is by the judge Leila Santos Lopes, from the 15th Civil Chamber of the Court of Justice of the State of Rio de Janeiro. By denying the MPRJ’s request, the judge wrote that the effectiveness of the contested decision may be suspended by decision of the rapporteur if, “in the face of the immediate production of its effects, there is a risk of serious damage, difficult or impossible to repair, which does not check in kind”.

Yesterday, the National Bank for Economic and Social Development (BNDES) released a note in which it informs that it proceeded to collect the bank guarantees that guarantee the entirety of the debt owed by Americanas SA to the bank. The communiqué also says that “after the payment of the guarantees, the BNDES will no longer be exposed to Americanas SA. With information from Brazil Agency.