Brazil Levies Document $3.2 Billion High-quality On Mum or dad Of Meatpacking Big

Enlarge this imageA truck loaded with chickens comes at a JBS meat proce sing plant in Samambaia, Brazil, in March.Evaristo Sa/AFP/Getty Imageshide captiontoggle captionEvaristo Sa/AFP/Getty ImagesA truck loaded with chickens arrives in a JBS meat proce sing plant in Samambaia, Brazil, in March.Evaristo Sa/AFP/Getty ImagesBrazil’s huge, yearslong corruption investigation has achieved a historic mile-marker: J&F Investimentos, the holding company behind meatpacking giant JBS SA, agreed to pay roughly $3.2 billion in fines for its involvement in a vast graft scandal that has reached even President Michel Temer. “In absolute terms, the amount is the highest in leniency agreements already signed in Brazil and in the world,” Brazilian prosecutors said in a statement Tuesday night, according to Financial Times. The penalty outpaces the one levied against construction conglomerate Odebrecht last year as part of the same investigation. The A sociated Pre s reports J&F plans to pay the great over a span of 25 years.The Two-WayJustice Department Announces Largest Corporate Bribery Penalty EverThe Two-WayAfter Brief Deployment, Brazilian Troops Recalled From Streets Of Capital Yet this penalty is just one part of the plea deal; another component played out in a very public way earlier this month, when J&F co-owner Joesley Batista turned over a secret recording to prosecutors. That recording which appears to show Temer condoning the payment of hush money to an imprisoned politician leaked Ed Davis Jersey to media earlier this month, prompting protests in the streets and questions of whether Temer’s tenure could survive the scandal. “I will not resign. I know what I have done,” he said recently in a televised speech, as translated by the BBC. “I never authorized any payments for someone to be silent. I did not buy anyone’s silence. I fear no accusations.” But Temer is not the only politician to be tangled in the tendrils of the probe, known as Operation Car Wash. Reuters reports Batista and his brother and co-owner, Wesley, testified that they spent 600 million reals or about $186 million in bribes for nearly 1,900 politicians in recent years. According to the wire service, that long list includes former presidents Luiz Inacio Lula da Jeff Green Jersey Silva and Dilma Rou seff, who was impeached herself last year.

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