Former CEO of Brazilian retail giant Americanas arrested amid allegations of billions in fraud

Miguel Gutierrez News

Former CEO of Brazilian retail giant Americanas arrested amid allegations of billions in fraud
AmericanasFederal PoliceJorge Paulo Lemann
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SAO PAULO (AP) — Brazil-Retail-Fraud

The former CEO of Brazil ian retail giant Americanas , Miguel Gutierrez , was arrested Friday in Madrid, accused of participating in a 25 billion reais fraud scheme .

Gutierrez, who is also a Spanish citizen, joined Americanas in 1993 and held various positions, gaining the trust of stakeholders Carlos Alberto Sicupira, Marcel Telles and Jorge Paulo Lemann — a multi-billionaire and Brazil's second richest person. On Thursday, the Brazilian Federal Police executed 15 arrest warrants and search and seizure orders for other former Americanas directors in Rio de Janeiro and seized their assets. Lemann, Sicupira and Telles were not included in this police raid.FORT LAUDERDALE, Fla.

McALESTER, Okla. — Oklahoma executed a man Thursday who was convicted of kidnapping, raping and killing his 7-year-old former stepdaughter in 1984.A Brampton, Ont., man convicted of smuggling 200 kilograms of methamphetamine into Canada via the Ambassador Bridge has received a 12-year prison sentence.Mohamed Ahmed Abdirahman, 40, was convicted in April on charges of importing methamphetamine and possession of the drug for the purpose of trafficking.

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Americanas Federal Police Jorge Paulo Lemann Carlos Alberto Sicupira Fraud Scheme Brazil

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