Brazilian retailers Assaí, Casas Bahia, Dia implicated in ICMS-ST bribery scheme in São Paulo

New phase of Operation Ícaro reveals Assaí paid nearly R$53 million to a lawyer to expedite ICMS-ST tax credit reimbursements in São Paulo, with alleged bribes of 1-2.5% of credit values. The investigation implicates other retailers (Casas Bahia, Dia) and raises corruption concerns in state tax administration.