The owner of the world’s largest meatpacker pleaded guilty in U.S. federal court this week to paying nearly US$ 180 million in bribes to top Brazilian officials in exchange for state-backed financing used to go on a buying spree in the U.S.
Brazilian police made public an investigation into corruption involving three senators and three lawmakers that stemmed from a related probe into major meatpacker JBS SA. The police carried out 24 search-and-seizure warrants in the early morning hours, they said in a written statement, as part of an investigation into money laundering and corruption, among other crimes.