Federal police in Brazil sent a formal request to prosecutors to pursue insider trading charges against Wesley and Joesley Batista, owners of JBS SA.
Owners of the world's largest meat packer are formally charged with insider trading by Brazilian prosecutors.
Joesley Batista, one of the controlling owners of JBS SA, was arrested again as part of an ongoing investigation into Brazilian corruption.
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.
A Brazilian Superior Court ruled Tuesday Joesley and Wesley Batista can return to positions of management at J&F Holding, the parent company of JBS SA, the world’s largest meat packer.
Brazilian meatpacker JBS SA's stocks and bonds plunged on Monday as investors worried about the legal and financial consequences stemming from its central role in Brazil's latest corruption scandal.
Expected to offer evidence of wrongdoings unveiled by Batistas.
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.