Joesley Batista, one of the controlling owners of JBS SA, was arrested again as part of an ongoing investigation into Brazilian corruption.
Federal police in Brazil sent a formal request to prosecutors to pursue insider trading charges against Wesley and Joesley Batista, owners of JBS SA.
For the second time this week a member of the Batista family, owners of the world’s largest meat packing company, has been arrested in Brazil.
For the second time this week a member of the Batista family, owners of the world's largest meat packing company, has been arrested in Brazil.
The billionaire Batista brothers۪ involvement in insider trading and bribery of politicians is causing turmoil in Brazil.
The corruption scandal in Brazil continues to develop as JBS co-owner Joesley Batista turns himself in to authorities.
Brazil’s Batista brothers may soon be back in court after shareholders of JBS S.A. voted in favor of suing the pair for losses incurred after they confessed to bribing thousands of Brazilian public officials.
JBS founder José Batista Sobrinho has taken over as CEO while two of his sons are in jail following insider trading accusations.