JBS shareholder still negotiating fine with Brazil prosecutors


  • World
  • Sunday, 21 May 2017

BRASILIA (Reuters) - The controlling shareholder of meatpacker JBS SA will continue talks with Brazilian prosecutors after a deadline passed to accept an 11.2 billion real ($3.44 billion) fine in ongoing negotiations for a leniency deal, a person familiar with the discussions said on Saturday.

The fine, which prosecutors sought to finalise by midnight on Friday, is part of a settlement with J&F Investimentos, as the investment vehicle controlled by brothers Wesley and Joesley Batista is known, for admittedly paying bribes to Brazilian politicians.

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