As reported by O Globo, the Brazilian Federal Police’s Operation Greenfield investigated Eldorado Celulose, a company owned by J&F Investimentos—the holding company of JBS—for signs of irregularities in the selection of companies to receive investments from pension funds. The suspicion was that those responsible for the investments acted illicitly and paid overvalued amounts for the financed assets. The operation resulted in an agreement in which the group undertook to compensate the pension funds for the losses.
Six years later, in 2023, Supreme Federal Court (STF) Justice Dias Toffoli suspended the payment, following a request from J&F to “correct abuses” in the process.