Casas Bahia independent probe finds no ICMS irregularities; MPSP probe ongoing

Casas Bahia's independent committee has found no evidence of retailer or executive involvement in alleged ICMS tax credit irregularities under investigation by São Paulo's MPSP (Operation Ícaro). The company learned of the probe via press in March and has not received official notification. The finding is preliminary and the MPSP investigation continues, leaving legal and financial uncertainty.