Dirty family secret is behind Brazilian meat powerhouse's buying spree
JBS's Batistas alleged that a top politician was on the take
Washington
WHEN beef tycoons Joesley and Wesley Batista sat down with Brazilian prosecutors last month and told them all they knew about the metastatic corruption scandal known as Carwash, they also let the world in on a dirty family secret.
The meteoric rise of the Batistas' JBS, the global meat powerhouse that seemed to come out of nowhere a decade ago, wouldn't have been possible without a top politician on the take, hundreds of millions of dollars in bribes and a series of sweetheart deals with Brazil's state development bank, it was alleged.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Mastercard’s profit beats as consumer spending defies inflation worries
Google’s payments to Apple reached US$20 billion in 2022, antitrust court documents show
DBS Q1 profit up 15% to S$2.96 billion; interim dividend at S$0.54
Qualcomm forecast beats estimates as AI drives chip sales in China
eBay forecasts Q2 revenue below estimates as consumer spending remains strained
AIG beats profit estimates on underwriting strength