Shareholders have sued Banco outright amid accusations that the lender inflated its share price and concealed its earnings in a bribery scheme while attempting to dodge a tax fine of over $ 850 m . Bradesco has stated its intention to fight the charges , maintaining that the change in price of Bradesco 's American depositary shares is not large enough to justify the charges . While share prices fell by 5.6 % following the allegations , it has since recovered from the decline with shares priced at $ 6.77 on Friday .
Shareholders have sued Banco Bradesco following accusations that the lender inflated its share price and concealed its involvement in a bribery scheme while attempting to dodge a tax fine of over $850m. Bradesco has announced its intention to fight the accusations, maintaining that the change in prices of Bradesco's American depositary shares is not large enough to justify the lawsuit. While share prices fell by 5.6% following the allegations, it has since recovered from the decline with shares priced at $6.77 on Friday.