Joesley Batista, Brazilian tycoon at centre of graft, hands himself in
São Paulo — Joesley Batista, the Brazilian tycoon who turned JBS into a global meat powerhouse, has handed himself in to police, the latest chapter of a scandal that has tipped Brazil back into political chaos and left his family’s business empire reeling. J&F Investimentos, the holding company that controls JBS, confirmed that Batista and J&F executive Ricardo Saud had turned themselves into federal police in São Paulo, following a Supreme Court order for their arrest. Earlier, Judge Edson Fachin issued the arrest warrants and the temporary suspension of the immunity granted in a plea-bargain agreement signed by the businessmen with Brazilian authorities in May. The court’s decision follows a request for their arrest by Rodrigo Janot, the country’s chief prosecutor, who said that Batista and Saud left out information from testimony submitted to Brazilian prosecutors earlier this year, when they confessed to graft and other crimes. According to the judge, if the two executives were ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.