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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Batista Brothers Redux

05/28/2020

The Superior Court of Justice in Brazil has restored business privileges to Joesley and Wesley Batista after paying penalties amounting to $2 billion.  In May 2017, J&F, the family holding company of JBS S.A. accepted a leniency agreement over pay-offs to corrupt politicians and government officials and in addition flagrant insider trading.

 

It was noted in their petition to the court that their return to active management would be beneficial in the light of the ongoing COVID-19 outbreak.

 


 
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