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Brazilian federal prosecutors have charged JBS S.A. and its holding firm J&F Investmentos, along with 14 other individuals, for alleged fraud in the approval of investments and loans by national development bank.

JBS’s founders are known for both big business and scandals.

JBS owners Wesley and Joesley Batista said to have agreed to a plea bargain.  

The billionaire Batista brothers۪ involvement in insider trading and bribery of politicians is causing turmoil in Brazil.

The world's largest meatpacker JBS SA reported net income of 422 million reais ($135.7 million) in the first quarter, below a consensus estimate of an 857 million reais net income, as it dealt with the effects of a food

A leniency deal struck between the controlling shareholders of Brazilian meatpacker JBS SA and prosecutors may be partially revoked, threatening witnesses۪ immunity but keeping their testimony, the country۪s top prose

On May 5, a Kansas cattle buyer was cleared of all criminal charges by a federal judge.

Wesley and Joesley Batista have combined debt of $790 million.