Federal authorities in São Paulo accepted the charges lodged by federal prosecutors against Joesley Batista and Wesley Batista, partners at meatpacking giant JBS. They are to be tried for the crimes of market manipulation and insider trading.
Brazil's Federal Police carried out the preventive arrest of Wesley Batista, chief executive of meatpacking giant JBS, this morning (Sep. 13) in São Paulo.
Brazil's Federal Prosecution Service (MPF) has approved a leniency deal with J&F group, the holding that controls JBS meatpacking giant, ordering the company to pay at least $3.27 billion in fines and compensation for kickbacks paid to public officials.
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