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Brazil court suspends part of leniency deal for JBS holding firm
September 11, 2017 / 9:23 PM / 11 days ago

Brazil court suspends part of leniency deal for JBS holding firm

Brazil's billionaire businessman Joesley Batista leaves the Federal Police headquarters in Brasilia, Brazil, September 11, 2017. REUTERS/Ueslei Marcelino

BRASILIA (Reuters) - A Brazilian federal court has partially suspended a leniency deal between J&F Investimentos SA, the holding company with which the billionaire Batista family controls meatpacker JBS SA (JBSS3.SA), J&F attorney Igor Tamasaukas said on Monday.

Tamasaukas told Reuters the ruling opened executives to criminal prosecution and would allow the group’s employees to reveal further crimes.

On Sunday, former JBS Chairman Joesley Batista surrendered to police for allegedly concealing crimes from prosecutors as part of a plea bargain in which he confessed to bribing over 1,800 politicians. Brazil’s top prosecutor said the alleged omissions threatened Batista’s criminal plea bargain, but he had not publicly challenged the company’s leniency accord.

Reporting by Ricardo Brito

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