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