# Americanas fraud investigation legal developments

> Live situation record from CLSTR: https://clstr.news/situations/americanas-fraud-investigation-legal-developments
> Updated: 2026-08-24T15:28:27.000Z. Sources: 12. Developments: 2.

The TRF-2 Regional Federal Court in Rio de Janeiro suspended a R$ 54 billion asset freeze involving key figures and major shareholders of the retailer Americanas. This decision reversed a previous order by Judge Giovana Teixeira Brantes Calmon, which had targeted individuals including Carlos Alberto Veiga Sicupira, Paulo Lemann, and Eduardo Saggioro.

The freeze was a component of ‘Operation Disclosure’. While the asset freeze was lifted, search and seizure warrants against the individuals remain active. The legal proceedings involve disputes over whether major shareholders, through the investment holding LTS Investments, were actively involved in company operations or were misled by former management. LTS Investments has denied allegations of knowledge regarding the fraud.

## Timeline

### 2026-08-24: Maranhão court freezes R$ 22.4 million in suspected tax evasion case

Maranhão authorities have frozen R$ 22.4 million in assets and seized the passports of five individuals suspected of a tax evasion scheme involving the tobacco company Dicina.

12 sources. https://clstr.news/cluster/maranho-court-freezes-r-224-million-in-suspected-tax-evasion-case

### 2026-08-10: TRF-2 suspends R$ 54 billion asset freeze in Americanas case

Brazil's TRF-2 court has suspended a R$ 54 billion asset freeze against Americanas shareholders and board members, reversing a previous ruling in the ongoing Operation Disclosure investigation.

3 sources. https://clstr.news/cluster/trf-2-suspends-r-54-billion-asset-freeze-in-americanas-case

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Cite as: Americanas fraud investigation legal developments. CLSTR, https://clstr.news/situations/americanas-fraud-investigation-legal-developments