J&F Investimentos
OVERALL |
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Owned |
BRA |
Rating |
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Investment company
Owned by one of Brazil's richest families, the Batistas, who control JBS, the largest meatpacker in the world, plus investments in industrial, media and banking businesses.
J&F Investimentos SA | BRA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
J&F Investimentos SA | ||||
In 2017 J&F Investimentos, controlling shareholder of JBS SA, agreed to pay a record-setting 10.3 billion real (US$3.2 billion) fine for its role in corruption scandals that threaten to topple Brasil's President. The settlement followed testimony from J&F's owners Joesley and Wesley Batista that they spent 600 million reais to bribe nearly 1,900 politicians in recent years.
Source: news article (2017)
In 2020 this company pleaded guilty to U.S. foreign bribery charges and agreed to pay $256 million in criminal fines. In Brazil, J&F's top executives admitted to bribing more than 1,900 politicians to advance their business interests, especially JBS's expansion, and secure low-cost financing from state-run banks.
Source: US Dept of Justice (2020) |
This company has responsibility claims on its website in the areas of social initiatives in education and raising funds for charities, and environmental projects in conservation, preservation and responsible purchasing.
Source: company website (2020) |
Company Details
Type | Family-owned private company |
Founded | 1953 |
Subsidiaries | JBS SA (40% owned) ![]() Meat processor Founded in Brasil in 1953, today they are the world's largest meat processing company with interests around the world in beef, lamb, pork and chicken meat production. The company operates 150 industrial plants around the world in countries including Brazil, Argentina, USA and Australia, the world's four leading beef producing nations. 40% owned by the founding Batista family. - JBS USA Holdings Inc ![]() Meat processor Previously known as Swift & Company. Bought by Brazil's JBS in 2007, creating the world's #1 beef processor and exporter. |
Contact Details
Address | Sao Paulo, Brazil |
Website | www.jfinvest.com.br |