October 19, 2020

The Brazilian parent company of meatpacking conglomerate JBS SA has agreed to pay more than $280 million in fines to the Justice Department and Securities and Exchange Commission (SEC) to settle charges it violated federal anti-corruption laws. J&F Investimentos, a holding company run by Brazilian nationals Joesley Batista and Wesley Batista, agreed Wednesday to pay a $256 million fine to the Justice Department over charges it violated the Foreign Corrupt Practices Act (FCPA) by using funds obtained through a bribery scheme to expand its U.S. operations.

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