BRASILIA (Reuters) - Brazil's securities regulator CVM accused eight former executives of retailer Americanas of insider trading involving the company's securities ahead of the disclosure of a high-profile accounting scandal in 2023.

In a statement late on Friday, the CVM said that after concluding an administrative inquiry, it gathered "robust, compelling, and convergent elements" to support the accusations against former CEO Miguel Gutierrez and seven other former executives, including Jose Timotheo de Barros and Anna Christina Saicali.

Americanas said the findings from investigations carried out by its independent committee and authorities show it was the victim of a "complex accounting fraud" orchestrated by its former executives, including misuse of privileged information.

The company said it has strong interest in clarifying the facts and ensuring all those responsible are held legally accountable.

Representatives for Gutierrez, Barros, and Saicali did not immediately respond to requests for comment.

The accounting fraud case at Americanas rattled Brazilian markets last year, raising concerns about regulatory oversight and the effective punishment of any misconduct.

The retailer, backed by three billionaires who founded investment firm 3G Capital, filed for bankruptcy protection after discovering $4 billion in accounting discrepancies.

(Reporting by Marcela Ayres; editing by Diane Craft and Daniel Wallis)