Overview

• Former vice president Márcio Cruz agreed to a cooperation deal with federal prosecutors, becoming the fourth Americanas executive to collaborate.
• Cruz’s account aligns with prior delations by naming ex-CEO Miguel Gutierrez as the ultimate decision-maker and pointing to Anna Saicali as a leader of the scheme.
• He describes the use of fictitious cooperative advertising entries (VPC) and supplier-financing structures known as “risco sacado”, and reports selling shares before the shortfall surfaced.
• Prosecutors will append his statements to an existing complaint that already targets more than a dozen former executives tied to a multiyear manipulation estimated at over R$25 billion.
• Federal Police reports from 2024 flagged suspected information exchanges among former directors, including indications Cruz sought details from other collaborations, a request a court denied.