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|
|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 $128.25 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: news article (2020)
|Type||Family-owned private company|
|Subsidiaries||JBS SA (40% owned)
- JBS USA Holdings Inc
|Address||Sao Paulo, Brazil|