Weeks later, the company’s R$20 billion “accounting discrepancies” were revealed
247 – Posted in linkedin Young Bernardo Garcia revealed, on Monday (16), that in December 2022 he sent an email to newspapers and journalists denouncing Lujas Americana’s responsibility for the bankruptcy of his father’s company. At that time, the company’s “accounting discrepancies” in the amount of R$20 billion had yet to be revealed.
Garcia stated that he also sent the complaint to Sergio Real, the former CEO of Americanas, and Fabiana Oliver, the company’s director of investor relations.
“I took this step two years after my father’s company went bankrupt at the hands of Grupo Americanas SA, which broke a five-year contract by paying bills for months, without prior notice. Not only that: 15 days before that, the group had begun negotiating to buy the company from him. (That’s because he (In those days, he received a bid from one of Americana’s competitors), says Garcia.
The young man also reported the material, psychological and physical damage caused by the injury. “My father had a heart attack four months after being bankrupt and spent a week in the intensive care unit. Since then, he and his partner have been on medication to deal with anxiety and depression. They lost everything: house, car, money and 40 years of struggle and effort. They also lost their will to fight.” Live. In these two years, they are trying to escape from lawyers who accept the reason for success, because they do not have the financial conditions to bear the costs of the operation. And I, as a son, try to do my best to help them financially and emotionally. “
“Often, the criticism directed at entrepreneurs and companies does not differentiate between the entrepreneurs of large, small and medium-sized enterprises. The bankruptcy of large companies leads to the loss of billions to their shareholders, but they remain with millions of others. The bankruptcy of small companies takes its losses. Their owners lose everything. I do not I root for the bankruptcy of Americana. I hope they recover: only then will they be able to tolerate and honor their collaborators and their creditors. I hope, more than that, that they become aware. The predatory relationships of capitalism have profound and problematic consequences. There will be few environmental, social, and institutional actions that will correct that impact. It is necessary that we pay attention and discuss this, and move beyond the superficiality that the corporate environment loves so much (and from which it benefits so much).
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.