SAO PAULO, Sept 13 Brazilian billionaires Wesley
and Joesley Batista have agreed to put 1.52 billion reais ($465
million) in an escrow account as financial guarantees to
overturn a judge's decision removing them from the command of
beef processor JBS SA and investment holding company J&F
Under terms of the accord, which were signed by the Batistas
and federal prosecutors in Brasilia, the brothers will be
allowed to return as chief executive officers of both companies.
In a statement, the prosecutors also said that an asset freeze
order on both brothers has been lifted.
On Sept. 5, the Batistas were ensnared in a sweeping graft
probe of state-controlled pension funds.
($1 = 3.2690 Brazilian reais)
(Reporting by Guillermo Parra-Bernal and Tatiana Bautzer;
Editing by Cynthia Osterman)