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JBS’s CPMI

The Brazilian National Congress established a Multi-partisan Parliamentary Commission of Inquiry (CPMI) to investigate the activities of JBS and its holding company, J&F Investimentos. The commission focused on examining the plea bargain agreements signed between the Federal Public Prosecutor’s Office (Ministério Público Federal – MPF) and company executives, as well as possible irregularities in deals with the Brazilian Development Bank (BNDES) between 2007 and 2016. The commission’s final vote included a request to indict brothers Joesley and Wesley Batista.

By |2025-04-27T10:05:05-03:0027/09/2017|Corporate Governance Problems|0 Comments

Wesley arrested

Wesley Batista was arrested by the Brazilian Federal Police during the second phase of Operation Tendão de Aquiles, which investigated the use of inside information to gain profits in the financial market. According to G1, the operation took place between April and May 2017, when details of the plea bargain agreement signed between J&F executives and the Office of the Attorney General (Procuradoria-Geral da República – PGR) became public. Wesley was released on February 20, 2018, by decision of the Superior Court of Justice (Superior Tribunal de Justiça – STJ).

Joesley arrested

Joesley Batista was arrested for the first time along with Ricardo Saud, a former executive at J&F Investimentos, the holding company that controls JBS. According to G1, the arrests were triggered by audio recordings in which Joesley and Saud suggested that a public prosecutor was assisting them with their plea bargain agreements, made as part of Operation Car Wash (Operação Lava Jato). Joesley was released several months later.

Slave labor and deforestation

JBS has bought cattle from farms caught using labor analogous to slavery and engaging in illegal deforestation, according to an investigation by Repórter Brasil and The Guardian. The report states that the company purchased cattle directly from a farm in the state of Pará that was under investigation for keeping workers in slave-like conditions, where the water employees drank came from the same river where the oxen defecated.

By |2025-04-27T12:57:52-03:0006/07/2017|Slave labor|0 Comments

Beaten chickens

The Humane Society of the United States published an investigation documenting chickens being beaten and struck with iron bars at a farm and slaughterhouse contracted by Pilgrim’s Pride, a JBS-owned company based in the United States. Following the investigation, the organization filed animal cruelty complaints in the states of Texas and Georgia, where the abuse took place.

By |2025-04-27T11:59:47-03:0027/06/2017|Animal welfare|0 Comments

Operation “Tendão de Aquiles”

The Federal Police and the Brazilian Securities and Exchange Commission (CVM) conducted an operation to investigate whether JBS made improper use of inside information to profit in the financial market in the days leading up to the plea bargain of Joesley and Wesley Batista. Operation “Tendão de Aquiles” examined whether the executives had committed the crime of insider trading. However, in 2023, the CVM acquitted the businessmen of all charges related to the case.

Greenpeace suspends negotiations with JBS

After the Carne Fria and Carne Fraca operations, Greenpeace discontinued its involvement in the implementation of the G4 Cattle Agreement in the Amazon, considering the accusations against JBS to be extremely serious. Greenpeace stated it would not resume participation “until JBS can prove, in fact, that the meat it sells is fit for consumption and free from deforestation, slave labor, and conflicts with Indigenous lands and protected areas.”

By |2025-04-27T12:01:04-03:0006/06/2017|Commitments|0 Comments

R$10.3 billion agreement

J&F Investimentos, the holding company of JBS, agreed to pay a fine of R$10.3 billion ((around US$ 3.16 billion at that time)) as part of a leniency agreement—the largest ever signed in Brazil—with the Federal Public Prosecutor’s Office (Ministério Público Federal – MPF). The agreement covers offenses investigated against the holding company in various Federal Police operations, including Carne Fraca, Cui Bono, Greenfield, and Sepsis. In 2023, Supreme Court Justice Dias Toffoli suspended the remaining payments still owed by the company.

By |2025-04-27T12:02:03-03:0005/06/2017|Corporate Governance Problems|0 Comments

Bribes for 1,829 candidates

Ricardo Saud, former Director of Institutional Relations at J&F Investimentos—the parent company of JBS—admitted that the company “donated bribes” to 1,829 candidates from 28 different political parties, as seen from a video published by Valor Econômico. According to his testimony in a plea bargain as part of Operation Car Wash (Operação Lava Jato), the illicit donations totaled nearly R$600 million (approximately US$ 193 million at the time), mostly in exchange for favors in the public sector. “Apart from these R$10, R$15 million here, the rest is all bribes. Everything has an act of office, everything has a promise, everything has something,” said Saud.

By |2025-04-27T12:03:14-03:0019/05/2017|Corporate Governance Problems|0 Comments

Joesley admits to bribes

In a video published by G1, Joesley Batista admitted to paying around R$400 million (approximately US$ 129 million at the time) in bribes to politicians, in cases that began with interventions in the board of directors of the Brazilian Development Bank (BNDES) in 2004 and, over time, expanded to the financing of electoral campaigns. According to Batista, the amount constituted bribes disguised as political donations. “There are official payments, cash 1, via political campaigns; there are cash 2 payments; there are payments via cash,” said Joesley in his plea bargain agreement, through which he sought to avoid the penalties he faced in various Federal Police operations and investigations by the Federal Public Prosecutor’s Office (Ministério Público Federal – MPF).

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