Brazil securities regulator probes JBS currency, stock purchases

SAO PAULO (Reuters) - Brazil's securities regulator has launched a probe into currency and stock trades made by executives at meatpacker JBS SA after they made plea bargain testimony that suggested Brazil's president had condoned bribery, Valor Econômico newspaper reported on Thursday, citing unnamed sources.

The testimony by Joesley and Wesley Batista, billionaire brothers who are chairman and chief executive of JBS, sent Brazilian stocks and the currency plunging on Thursday because of fears it could lead to Brazilian President Michel Temer's ouster.