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

brazilfederalpolice_406x250The investigation by Federal Police in Brazil has led to the suspension of three more processing plants this week over the alleged corruption in meat industry. That raises the number of closed meat processing plants to six out of 21 being targeted by Federal Police and health authorities. The other
Continue Reading Brazil’s meat scandal expands while international market reaction is mixed