Brazilian police made new arrests this week in an investigation into a meat scandal that erupted last year. This time the target of “Operation Weak Flesh” is laboratories accused of covering up salmonella in products from food giant BRF SA, also known as Brazil Foods.
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Continue Reading More fraud in Brazil food industry; labs falsified pathogen tests
The first U.S. audit of Brazil’s food safety system since Operation Weak Flesh exposed corruption in the South American nation’s meat industry fell short of being clean.
In transmitting the audit on Nov. 9, USDA’s Food Safety and Inspection Service (FSIS) told Brazil’s Ministry of Agriculture, Livestock and Food Supply
Continue Reading U.S. audit finds food safety problems continue for Brazil’s meat
The Chinese symbol for crisis is made up of symbols for both danger and opportunity.
And the Brazilian meat packing giant JBS S.A. has certainly been in a crisis during most of 2017, but an investment banker with expertise in emerging markets says there is an opportunity now in JBS,
Continue Reading Exotix says JBS weathered the crisis; public offering possible
As chief operating officer of JBS SA, Gilberto Tomazoni is second only to 84-year old founder Jose Batista Sobrinho at the world’s largest meatpacking company. The patriarch of the billionaire dynasty returned to JBS after Brazilian police jailed his sons Wesley and Joesley Batista for insider trading.
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Continue Reading Batista bribery saga may end with reorganization of JBS assets
The U.S. Department of Agriculture has suspended imports of all fresh beef from Brazil because of recurring food safety problems documented since March, when the agency began inspecting 100 percent of all meat from the South American country.
During his confirmation hearing 12 weeks ago, Agriculture Secretary Sonny Perdue said
Continue Reading U.S. stops imports of Brazilian beef for food safety concerns
Beef brothers Joesley and Wesley Batista appear to be surviving the scandal that may bring down Brazilian President Michel Temer. Shareholder challenges and reviews by U.S. regulators could still be ahead for the meatpackers in the near future.
However, their J&F Investments, the largest shareholder of worldwide meatpacker JBS SA,
Continue Reading Batistas agree to pay largest ‘leniency fine’ in Brazil’s history
