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Parent of Brazil's JBS pleads guilty to U.S. foreign bribery charges
By , J&F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian authorities three years ago. Then, J&F paid a record-setting 10.3 billion-real ($1.85 billion) fine in Brazil for its role in corruption scandals that severely weakened then-president Michel Temer.In Brazil, its top executives have admitted to bribing more than 1,900 politicians to advance their business interests - especially JBS’s expansion - and secure low-cost financing from state-run banks.Shares of JBS rose more than 9% in late Sao Paulo trading following announcement of the...…By , J&F is paying only half of the $256.5 million fines levied due to settlements made with Brazilian authorities three years ago. Then, J&F paid a record-setting 10.3 billion-real ($1.85 billion) fine in Brazil for its role in corruption scandals that severely weakened then-president Michel Temer.In Brazil, its top executives have admitted to bribing more than 1,900 politicians to advance their business interests - especially JBS’s expansion - and secure low-cost financing from state-run banks.Shares of JBS rose more than 9% in late Sao Paulo trading following announcement of the...WW…
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