plea bargain Archives | Alberta Farmer Express

Brazil’s regulator rejects JBS settlement deal

By Carolina Mandl September 26, 2018

Sao Paulo | Reuters — The Brazilian securities regulator CVM said on Wednesday it had rejected a settlement with the world’s largest meatpacker JBS SA and major shareholders in an insider trading case because of the severity of the allegations. Wesley Batista, the former CEO of JBS, and his brother Joesley are the largest individual […] Read more

Livestock, Reuters

Brazil police serving warrants linked to JBS tax probe

By Reuters December 11, 2017

Sao Paulo | Reuters — Brazil’s federal police are serving 14 search warrants on Monday in connection with a bribery probe implicating meatpacker JBS SA and tax authorities, they said in a statement. The raids are based on plea bargain testimony by JBS executives who suggested that 160 million reais (C$62 million) in bribes were […] Read more

Beef Cattle, Livestock, Reuters

JBS owners ‘profited’ from inside information, Brazil police say

By Reuters October 10, 2017

Brasilia | Reuters — Brazil’s police investigation into insider trading by the owners of the world’s largest meatpacker JBS SA has found that they made a profit by taking financial positions before details of their plea bargain deal with prosecutors became public, the head of the probe said Tuesday. Police chief Edson Garutti, told Globo […] Read more

Livestock, Reuters

Brazil’s Supreme Court won’t release JBS brothers

By Reuters September 22, 2017

Sao Paulo | Reuters — Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world’s largest meatpacker JBS SA. The Batistas’ defense challenged the detention of the brothers after their arrest last week by federal police in a probe into […] Read more

Livestock, Reuters

Brazil formally accuses JBS owners of insider trading

By Reuters September 21, 2017

Sao Paulo | Reuters — Brazil’s federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA, for insider trading. The Batista brothers saved as much as 138 million reais (C$54 million) through allegedly illegal market dealings in May, police said. The insider trading […] Read more

Beef Cattle, Livestock, Reuters

Brazilian top court justice upholds barring JBS asset sale

By Reuters July 3, 2017

Brasilia | Reuters — A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world’s largest meatpacker, JBS SA, to halt the sale of US$300 million worth of South American assets to Minerva SA , according to a court document. Justice Edson Fachin agreed with a lower court’s ruling that JBS’ […] Read more

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Tag Archives plea bargain

Brazil’s regulator rejects JBS settlement deal

Brazil police serving warrants linked to JBS tax probe

JBS owners ‘profited’ from inside information, Brazil police say

Brazil’s Supreme Court won’t release JBS brothers

Brazil formally accuses JBS owners of insider trading

Brazilian top court justice upholds barring JBS asset sale

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