CEO of JBS arrested by Brazil police
The Brazilian Supreme Court of Justice issued an arrest warrant for Wesley Batista, JBS’s CEO since 2011, and his brother Joesley, the two being accused of selling privileged shares in the company. The two businessmen control 42% of JBS shares.
Batista brother's lawyer, Pierpaolo Bottini, considered the charges "unjust, absurd and regrettable" and said the two were available to the authorities, provided testimony and presented all the required documents.
Wesley and Joesley Batista signed a plea deal earlier this year and were forced to pay a $ 3.2 billion fine after Brazilian authorities found that JBS bribed 2,000 politicians for more than a decade. Representatives of the federal police said the suspicious trading took place between April 24 and May 17.
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