Egg Industry News and Commentary

  —  Apr 19

 
Brazil Court Orders Joesley Batista to Step Down

    

For the second time, a Federal court in Brazil has ordered Joesley Batista to step down from the boards of J & F Participacoes SA, the holding company for JBS SA. and other companies in the Group.

This action relates to an ongoing probe of corruption alleging “sweetheart” deals and financing from national banks for companies within the J & F spectrum including El Dorado Brazil Cellulose SA.