Federal police in Brazil sent a formal request to prosecutors to pursue insider trading charges against Wesley and Joesley Batista, owners of JBS SA.
Joesley Batista, one of the controlling owners of JBS SA, was arrested again as part of an ongoing investigation into Brazilian corruption.
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.
Owners of the world's largest meat packer are formally charged with insider trading by Brazilian prosecutors.
JBS founder José Batista Sobrinho has taken over as CEO while two of his sons are in jail following insider trading accusations.
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.
Federal police in Brazil served 14 search warrants on Dec. 11 associated with an ongoing bribery investigation involving the world’s largest meatpacker 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.