The business dispute between the disgraced billionaire Batista brothers in Brazil and the heir to an Indonesian pulp and paper fortune is throwing a wrench in meatpacker JBS SA’s plans to list its international operations in the United States.
Brazilian meat processor JBS SA said its Seara processed foods unit will start selling chicken products to India, as the group explores new markets in a year when poultry is poised to become the most demanded meat protein in the world.
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.
Brazil's Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations.
Police arrested a controlling shareholder of meatpacker JBS SA and two former Brazilian agriculture ministers on Friday in connection with an investigation into illegal campaign contributions. Joesley Batista, a member of the family that founded the world's largest meat processor, is expected to be held only temporarily, his lawyer André Callegari said. He declined to elaborate on the arrest order or the investigation.
A Brazilian congressional report recommended on Tuesday that President Michel Temer should not face trial for obstruction of justice and membership in a criminal organization, arguing that the charges against him were unfounded.