Lemann, Telles and Sicupira speak for the 1st time after the Americanas blunder: ‘We never had knowledge’

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Entrepreneurs said they would never admit any accounting maneuvers or dissimulations in the company. Carlos Alberto Sicupira, Jorge Paulo Lemann and Marcel Herrmann Telles are the largest shareholders in the 3G Capital business the retailer’s BRL 20 billion accounting scandal became public. The businessmen stated that they were never aware of the breach and that they would never admit any accounting maneuvers or dissimulations in the company. “Our work has always been guided, over the decades, by ethical and legal rigor. This was decisive for the position we reached in a lifetime dedicated to entrepreneurship, generating jobs, building businesses and contributing to the development of the country”, says an excerpt note signed by the three billionaires.

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