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Brazil police detain JBS CEO Batista on suspicion of insider trading

Reuters  |  SAO PAULO 

By Guillermo Parra-BernalSAO PAULO (Reuters) - Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista on Wednesday, as an investigation escalated into the role played by him and his younger brother in suspected insider trading ahead of a plea bargain deal with prosecutors. The brothers' lawyer, Pierpaolo Bottini, and JBS confirmed media reports of the arrest.While JBS had no further details, Bottini lashed out at the detention, calling it "unjust, absurd and regrettable."Earlier in the day, police issued a preventive arrest order against both Wesley and Joesley ...

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First Published: Wed, September 13 2017. 20:41 IST
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