Brazil police reveal corruption probe related to meatpacker JBS

Image
Reuters BRASILIA/RIO DE JANEIRO
Last Updated : Dec 11 2018 | 10:22 PM IST

BRASILIA/RIO DE JANEIRO (Reuters) - Brazilian police made public on Tuesday an investigation into corruption involving three senators and three lawmakers that stemmed from a related probe into major meatpacker JBS SA.

The police carried out 24 search-and-seizure warrants in the early morning hours, they said in a written statement, as part of an investigation into money laundering and corruption, among other crimes. The inquiry is looking into ill-gotten gains from a "large meatpacking company."

While the police did not name the meatpacking company or the lawmakers involved, they said the searches were a phase of "Operation Patmos," which involves plea bargain testimony from JBS executives.

Among the properties the police searched, according to local media reports, was the apartment of Senator Aecio Neves, who came close to winning the 2014 presidential race and who has been charged for soliciting at least 2 million reais ($512,000) in bribes from a major JBS shareholder.

J&F Investimentos, the holding company that controls JBS, declined to comment.

A lawyer for Neves said his client was willing to help clarify issues for investigators, and that the police probe was based on plea bargain testimony from JBS executives most concerned with maintaining the "generous" terms of their plea deals.

Last week, investigators from the U.S. Department of Justice visited Brazil to question shareholders of J&F.

($1 = 3.9074 reais)

(Reporting by Lisandra Paraguassu and Gram Slattery, editing by Louise Heavens and Bernadette Baum)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 11 2018 | 10:04 PM IST

Next Story